The Gabelli Global Utility & Income Trust Declares Monthly Dividend of $0.10 (NYSE:GLU)

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Wednesday, August 28th, Wall Street Journal reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.10 per share on Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Thursday, November 14th.

The Gabelli Global Utility & Income Trust Stock Up 1.3 %

Shares of GLU traded up $0.20 during trading hours on Wednesday, reaching $15.50. The stock had a trading volume of 15,977 shares, compared to its average volume of 13,614. The Gabelli Global Utility & Income Trust has a 12 month low of $11.61 and a 12 month high of $15.69. The company’s 50-day moving average is $14.54 and its two-hundred day moving average is $14.17.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.