The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on March 24th

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.05 per share by the investment management company on Monday, March 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date is Monday, March 17th.

The Gabelli Utility Trust Stock Down 0.2 %

NYSE:GUT opened at $5.38 on Wednesday. The company has a 50-day moving average of $5.19 and a 200-day moving average of $5.73. The Gabelli Utility Trust has a 52 week low of $4.97 and a 52 week 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.