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GUT - Evaluating Closed-End Funds: The Price Runup Is Only One Reason To Avoid GUT
August, 23 2021 11:19 AM
Gabelli Utility Trust
GUT offers a very attractive 7.32% yield if the distribution can be supported. I continue my series looking into CEFs digging deeper than just the yield. With declining NAV, I have serious concerns about distribution coverage. I am not willing to pay what the market is currently offering for shares of GUT given its poor distribution coverage. For further details see:
Evaluating Closed-End Funds: The Price Runup Is Only One Reason To Avoid GUT
Stock Information
Company Name:
Gabelli Utility Trust
Stock Symbol:
GUT
Market:
NYSE
Website:
www.gabelli.com
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