Gabelli Utility's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Gabelli Utility (NYSE:GUT) has announced a monthly dividend of 5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own GUT as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 24, 2023.
October 11, 2023 | 2:45 pm
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Gabelli Utility's announcement of a 5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in GUT's stock price is expected. However, this is a standard part of the dividend process and does not necessarily reflect on the company's overall financial health or performance.
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