Gabelli Utility Trust's Series A Preferred Shares Yield Pushes Past 5.5%

In trading on Monday, shares of Gabelli Utility Trust's 5.625% Series A Cumulative Preferred Shares (GUT.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $25.50 on the day. This compares to an average yield of 5.14% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GUT.PRA was trading at a 2.40% premium to its liquidation preference amount, versus the average premium of 0.71% in the "ETFs & CEFs" category.

The chart below shows the one year performance of GUT.PRA shares, versus GUT:

Performance Comparison Chart

Below is a dividend history chart for GUT.PRA, showing historical dividend payments on Gabelli Utility Trust's 5.625% Series A Cumulative Preferred Shares:

GUT.PRA+Dividend+History+Chart

In Monday trading, Gabelli Utility Trust's 5.625% Series A Cumulative Preferred Shares ( GUT.PRA) is currently off about 0.4% on the day, while the common shares ( GUT) are up about 0.4%.

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