Gabelli Utility Trust's Series C Preferred Shares Cross 6% Yield Mark

Gabelli Utility Trust's 5.375% Series C cumulative preferred (GUT.PRC) was yielding above 6% based on a quarterly dividend annualized to $1.3436, with shares trading as low as $22.25. At that price the implied yield is roughly 6.04% (1.3436 / 22.25). This is a factual market-price/yield snapshot of the preferred issue and is unlikely to move broader markets.

Analysis

Gabelli Utility Trust's 5.375% Series C cumulative preferred (GUT.PRC) was yielding above 6% based on a quarterly dividend annualized to $1.3436, with shares trading as low as $22.25. At that price the implied yield is roughly 6.04% (1.3436 / 22.25). This is a factual market-price/yield snapshot of the preferred issue and is unlikely to move broader markets.