The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Wednesday, January 17th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, January 24th. This represents a $0.60 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend is Tuesday, January 16th.
The Gabelli Utility Trust (NYSE GUT) opened at $7.00 on Tuesday. The Gabelli Utility Trust has a fifty-two week low of $6.05 and a fifty-two week high of $7.20.
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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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