The Gabelli Utility Trust (NYSE:GUT) to Issue Monthly Dividend of $0.05

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Thursday, November 19th, Wall Street Journal reports. Investors of record on Wednesday, March 17th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, March 24th. This represents a $0.60 annualized dividend and a yield of 7.81%. The ex-dividend date is Tuesday, March 16th.

Shares of NYSE GUT opened at $7.68 on Friday. The firm’s 50-day simple moving average is $7.65 and its 200 day simple moving average is $7.49. The Gabelli Utility Trust has a 12-month low of $4.50 and a 12-month high of $8.25.

About The Gabelli Utility Trust

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.

Read More: Golden Cross

Dividend History for The Gabelli Utility Trust (NYSE:GUT)

Receive News & Ratings for The Gabelli Utility Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Utility Trust and related companies with MarketBeat.com's FREE daily email newsletter.