Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, February 25th, Wall Street Journal reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.05 per share by the investment management company on Thursday, May 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date is Wednesday, May 15th.
Gabelli Utility Trust stock opened at $6.82 on Tuesday. Gabelli Utility Trust has a twelve month low of $5.68 and a twelve month high of $7.10.
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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.
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