Gabelli Utility Trust's Series C Preferred Shares Crosses Above 6.5% Yield Territory

Gabelli Utility Trust’s 5.375% Series C cumulative preferred (GUT.PRC) is yielding above 6.5%, implying an annualized dividend of about $1.3436. Shares traded as low as $20.39 on Thursday, suggesting the high income yield is the main driver of near-term attention rather than a new fundamental catalyst.

Analysis

Gabelli Utility Trust’s 5.375% Series C cumulative preferred (GUT.PRC) is yielding above 6.5%, implying an annualized dividend of about $1.3436. Shares traded as low as $20.39 on Thursday, suggesting the high income yield is the main driver of near-term attention rather than a new fundamental catalyst.