The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on June 23rd

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, February 11th. Shareholders of record on Monday, June 15th will be given a dividend of 0.05 per share by the investment management company on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th.

The Gabelli Utility Trust Trading Down 0.7%

Shares of NYSE:GUT opened at $6.05 on Friday. The company has a 50 day moving average of $6.05 and a 200-day moving average of $6.02. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.20.

About The Gabelli Utility Trust

The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.

The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.