Gabelli Utility Trust's Series A Preferred Shares Cross 5.5% Yield Mark

In trading on Tuesday, 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 $25.55 on the day. This compares to an average yield of 4.80% 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 2.79% 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 Tuesday trading, Gabelli Utility Trust's 5.625% Series A Cumulative Preferred Shares ( GUT.PRA) is currently off about 0.1% on the day, while the common shares ( GUT) are down about 0.1%.

More from Stocks

Biotech's Coming Back to Life: Cramer's 'Off the Charts'

Biotech's Coming Back to Life: Cramer's 'Off the Charts'

Video: Here's How Goldman Sachs May Change Under David Solomon

Video: Here's How Goldman Sachs May Change Under David Solomon

J&J Vows to Fight Verdict Linking Baby Powder to Ovarian Cancer

J&J Vows to Fight Verdict Linking Baby Powder to Ovarian Cancer

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

3 Reasons Why Netflix Bulls Are Getting Their Face Ripped Off After Earnings

Markets Close Higher After Fed Chair Powell's Capitol Hill Testimony

Markets Close Higher After Fed Chair Powell's Capitol Hill Testimony