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

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.10 per share on Friday, February 21st. This represents a $1.20 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date is Thursday, February 13th.

The Gabelli Global Utility & Income Trust Trading Up 0.2 %

Shares of GLU stock opened at $16.06 on Friday. The business’s fifty day moving average is $16.20 and its 200-day moving average is $15.10. The Gabelli Global Utility & Income Trust has a 1 year low of $12.30 and a 1 year high of $17.44.

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.