Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Friday, August 16th will be paid a dividend of 0.05 per share by the investment management company on Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 8.73%. The ex-dividend date is Thursday, August 15th.
GUT stock traded down $0.01 during trading on Friday, hitting $6.87. 2,577 shares of the company traded hands, compared to its average volume of 125,962. Gabelli Utility Trust has a 1 year low of $5.68 and a 1 year high of $7.10.
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About 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.
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