Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Tuesday, July 16th.
Shares of GUT opened at $7.19 on Monday. The company has a 50-day moving average of $6.99. Gabelli Utility Trust has a 52-week low of $5.71 and a 52-week high of $7.24.
About 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.
Further Reading: Why do analysts give a neutral rating?
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