Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, May 18th, Wall Street Journal reports. Investors of record on Friday, August 17th will be paid a dividend of 0.05 per share by the investment management company on Friday, August 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date of this dividend is Thursday, August 16th.
Gabelli Utility Trust has decreased its dividend by an average of 9.1% annually over the last three years.
Shares of NYSE:GUT opened at $5.75 on Friday. Gabelli Utility Trust has a fifty-two week low of $5.71 and a fifty-two week high of $7.20.
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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