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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Tuesday, August 27th, Wall Street Journal reports. Investors of record on Thursday, November 14th will be given a dividend of 0.10 per share on Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend is Thursday, November 14th.

The Gabelli Global Utility & Income Trust Price Performance

The Gabelli Global Utility & Income Trust stock opened at $15.27 on Thursday. The company’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.18. The Gabelli Global Utility & Income Trust has a fifty-two week low of $11.61 and a fifty-two week high of $15.69.

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.