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 Featured MNV Articles:
| Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares Goes Ex-Dividend SoonBy Preferred Stock Channel Staff, Monday, March 16, 1:54 PM ET
On 3/18/20, Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares (NYSE:GUT.PRC) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/26/20. As a percentage of GUT.PRC's recent share price of $25.00, this dividend works out to approximately 1.34%, so look for shares of GUT.PRC to trade 1.34% lower — all else being equal — when GUT.PRC shares open for trading on 3/18/20. On an annualized basis, the current yield is approximately 5.36%, which compares to an average yield of 5.38% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GUT.PRC was trading at a 1.84% premium to its liquidation preference amount, versus the average premium of 0.21% in the "ETFs & CEFs" category. The chart below shows the one year performance of GUT.PRC shares, versus GUT:
Below is a dividend history chart for GUT.PRC, showing historical dividends prior to the most recent $0.3359 on Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares : Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Monday trading, Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares (NYSE:GUT.PRC) is currently down about 1.8% on the day, while the common shares (NYSE:GUT) are off about 11%.
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