Headlines about Gabelli Utility Trust (NYSE:GUT) have trended positive this week, according to AlphaOne Sentiment. The research group, a unit of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gabelli Utility Trust earned a news impact score of 0.36 on AlphaOne’s scale. AlphaOne also gave media stories about the investment management company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Gabelli Utility Trust (GUT) opened at 6.84 on Friday. Gabelli Utility Trust has a 1-year low of $6.05 and a 1-year high of $7.04. The stock’s 50 day moving average is $6.84 and its 200 day moving average is $6.61. The stock has a market capitalization of $296.84 million and a price-to-earnings ratio of 7.21.
The company also recently declared a monthly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.77%.
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About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations (the 80% Policy).
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