The Gabelli Utility Trust Announces Monthly Dividend of $0.05 (NYSE:GUT)

The Gabelli Utility Trust (NYSE:GUTGet Rating) announced a monthly dividend on Friday, February 11th, Wall Street Journal reports. Stockholders of record on Thursday, April 14th will be paid a dividend of 0.05 per share by the investment management company on Friday, April 22nd. This represents a $0.60 annualized dividend and a dividend yield of 8.26%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shares of The Gabelli Utility Trust stock opened at $7.26 on Tuesday. The business has a 50-day moving average of $7.70 and a 200-day moving average of $7.95. The Gabelli Utility Trust has a 1-year low of $6.70 and a 1-year high of $8.36.

Several hedge funds have recently modified their holdings of GUT. NewEdge Advisors LLC bought a new position in shares of The Gabelli Utility Trust during the fourth quarter worth about $155,000. Wells Fargo & Company MN lifted its position in shares of The Gabelli Utility Trust by 8.0% during the fourth quarter. Wells Fargo & Company MN now owns 74,742 shares of the investment management company’s stock worth $615,000 after purchasing an additional 5,552 shares during the last quarter. UBS Group AG lifted its position in shares of The Gabelli Utility Trust by 17.8% during the third quarter. UBS Group AG now owns 82,217 shares of the investment management company’s stock worth $647,000 after purchasing an additional 12,429 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of The Gabelli Utility Trust by 4.7% during the third quarter. Morgan Stanley now owns 756,786 shares of the investment management company’s stock worth $5,952,000 after purchasing an additional 33,904 shares during the last quarter.

The Gabelli Utility Trust Company Profile (Get Rating)

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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Dividend History for The Gabelli Utility Trust (NYSE:GUT)

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