Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be paid a dividend of 0.05 per share by the investment management company on Monday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Friday, April 13th.
Gabelli Utility Trust has decreased its dividend by an average of 9.1% annually over the last three years.
Gabelli Utility Trust (NYSE:GUT) opened at $6.86 on Wednesday. Gabelli Utility Trust has a 52 week low of $6.54 and a 52 week high of $7.20.
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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