The Gabelli Utility Trust (NYSE:GUT) Declares Dividend of $0.05

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Wednesday, October 16th, investing.com reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a yield of 11.54%. The ex-dividend date is Thursday, October 17th.

The Gabelli Utility Trust Trading Up 1.8 %

Shares of GUT traded up $0.09 during mid-day trading on Wednesday, reaching $5.21. 342,707 shares of the company’s stock traded hands, compared to its average volume of 186,508. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.30. The stock’s 50-day moving average is $5.64 and its two-hundred day moving average is $5.81.

The Gabelli Utility Trust Company Profile

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.