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Gabelli Utility Trust (Gabelli Utility Trust) Retained Earnings : $21.49 Mil (As of Dec. 2023)


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What is Gabelli Utility Trust Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gabelli Utility Trust's retained earnings for the quarter that ended in Dec. 2023 was $21.49 Mil.

Gabelli Utility Trust's quarterly retained earnings declined from Dec. 2022 ($39.03 Mil) to Jun. 2023 ($28.52 Mil) and declined from Jun. 2023 ($28.52 Mil) to Dec. 2023 ($21.49 Mil).

Gabelli Utility Trust's annual retained earnings declined from Dec. 2021 ($68.05 Mil) to Dec. 2022 ($39.03 Mil) and declined from Dec. 2022 ($39.03 Mil) to Dec. 2023 ($21.49 Mil).


Gabelli Utility Trust Retained Earnings Historical Data

The historical data trend for Gabelli Utility Trust's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gabelli Utility Trust Retained Earnings Chart

Gabelli Utility Trust Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 54.33 35.25 68.05 39.03 21.49

Gabelli Utility Trust Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.05 46.64 39.03 28.52 21.49

Gabelli Utility Trust Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Gabelli Utility Trust  (NYSE:GUT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Gabelli Utility Trust (Gabelli Utility Trust) Business Description

Traded in Other Exchanges
Address
One Corporate Center, Rye, NY, USA, 10580-1422
Gabelli Utility Trust operates as a diversified closed-end investment management company. The fund's primary objective is the long-term growth of capital and income. To achieve its objective, the fund may invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas, & water; and telecommunications services or infrastructure operations. It invests in various sectors, of which Electric Integrated, Water, Telecommunications, and U.S. Government Obligations account for the majority weightage.
Executives
Bank Of America Na other: Former 10% Owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/ other: Former 10% Owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Leslie Fahrenkopf Foley director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Mario J Gabelli officer: Chairman and CIO, other: Trustee 191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein officer: Secretary 249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
John Birch director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan director C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
John Chester Ball officer: Treasurer 800 CONNECTICUT AVENUE, NORWALK CT 06854
Ferrantino Michael J Jr director 12 MARTINGALE LANE, ANDOVER MA 01810
Michael J Melarkey director ONE CORPORATE CENTER, RYE NY 10580
Kuni Nakamura director 1 MARTIN BUTLER COURT, RYE NY 10580
Merrill Lynch, Pierce, Fenner & Smith Inc. 10 percent owner 4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Merrill Lynch & Co., Inc. 10 percent owner 4 WORLD FINANCIAL CTR, NEW YORK NY 10080
Agnes Mullady officer: Treasurer ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza other: Trustee 810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019