In trading on Thursday, shares of Gabelli Utility Trust’s 5.375% Series C Cumulative Preferred Shares (Symbol: GUT.PRC) were yielding over 6.5%, with shares trading as low as $20.39. The annualized dividend stands at $1.3436, while the average yield for the “ETFs & CEFs” preferred stock category is 6.54%. GUT.PRC was trading at a 17.08% discount to its liquidation preference amount, which is an improvement compared to the average discount of 19.11% in the same category.
On the day, GUT.PRC shares dropped approximately 1.2%, mirroring the performance of the common shares (Symbol: GUT), which also declined by 1.2%.
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