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

Street Stats: 3 Numbers That Will Make Any Stock Market Bear Instantly Bullish

Street Stats: 3 Numbers That Will Make Any Stock Market Bear Instantly Bullish

Twitter Tops Wall Street's Estimates - Here Are the Key Numbers You Need to Know

Twitter Tops Wall Street's Estimates - Here Are the Key Numbers You Need to Know

PayPal's Stock Is Poised for an Explosive Move

PayPal's Stock Is Poised for an Explosive Move

Boeing's Blowout Quarter Proves Why There Won't Be a Stock Market Panic

Boeing's Blowout Quarter Proves Why There Won't Be a Stock Market Panic

Twitter Founder Jack Dorsey Deserves a Nice Tweet After Q1 Results

Twitter Founder Jack Dorsey Deserves a Nice Tweet After Q1 Results