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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Thursday, August 29th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.05 per share by the investment management company on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Utility Trust Stock Performance

Shares of GUT stock opened at $5.44 on Wednesday. The Gabelli Utility Trust has a 12-month low of $4.97 and a 12-month high of $6.28. The company has a 50 day moving average of $5.17 and a 200-day moving average of $5.66.

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.