The Gabelli Utility Trust (NYSE:GUT) Announces $0.05 Monthly Dividend

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Tuesday, November 21st, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.05 per share by the investment management company on Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock opened at $5.68 on Tuesday. The business has a 50 day moving average price of $5.88 and a 200 day moving average price of $6.52. The Gabelli Utility Trust has a 1 year low of $4.60 and a 1 year high of $7.97.

Hedge Funds Weigh In On The Gabelli Utility Trust

Institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in shares of The Gabelli Utility Trust during the first quarter valued at $32,000. Resources Management Corp CT ADV boosted its stake in shares of The Gabelli Utility Trust by 1,224.3% during the 2nd quarter. Resources Management Corp CT ADV now owns 6,701 shares of the investment management company’s stock worth $45,000 after purchasing an additional 6,195 shares during the last quarter. MAS Advisors LLC purchased a new stake in shares of The Gabelli Utility Trust during the first quarter worth about $78,000. Captrust Financial Advisors raised its position in shares of The Gabelli Utility Trust by 5,457.2% in the third quarter. Captrust Financial Advisors now owns 16,894 shares of the investment management company’s stock valued at $117,000 after buying an additional 16,590 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of The Gabelli Utility Trust during the first quarter valued at approximately $117,000.

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.