Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, August 28th, Wall Street Journal reports. Shareholders of record on Tuesday, October 17th will be given a dividend of 0.05 per share by the investment management company on Tuesday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Monday, October 16th.
Gabelli Utility Trust (GUT) opened at 7.09 on Wednesday. Gabelli Utility Trust has a 1-year low of $6.05 and a 1-year high of $7.17. The firm’s 50-day moving average is $7.03 and its 200-day moving average is $6.93.
About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations (the 80% Policy).
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