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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.05 per share by the investment management company on Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 11.34%. The ex-dividend date is Thursday, February 13th.

The Gabelli Utility Trust Stock Up 2.3 %

The Gabelli Utility Trust stock opened at $5.29 on Friday. The business has a 50 day moving average price of $5.19 and a two-hundred day moving average price of $5.74. The Gabelli Utility Trust has a 12 month low of $4.97 and a 12 month high of $6.28.

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.