utility gained $2 to close at $25 yesterday on volume of 800 shares. The gain follows Monday's $1 decline. On Friday, Telco traded ex-dividend and fell $12 on low volume after hovering around $35 for about ten days. Two weeks ago, the issue bolted up $8 to $38 before falling back to around $35. The issue's uneven ride stems from a special dividend announced February 25 -- a $15 dividend, payable in the form of 7.75 percent 15 year notes. In other trading yesterday, Bank of Bermuda fell 12.5 cents to $17.125 and Bermuda Commercial Bank warrants fell one cent to 12.5 cents.