The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Announces $0.11 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, November 13th will be paid a dividend of 0.11 per share on Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, November 13th.

The Gabelli Global Utility & Income Trust Price Performance

The Gabelli Global Utility & Income Trust stock opened at $19.34 on Thursday. The Gabelli Global Utility & Income Trust has a 1 year low of $17.62 and a 1 year high of $21.69. The firm has a 50-day moving average of $19.18 and a two-hundred day moving average of $19.71.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.

GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.