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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, November 12th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.11 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, March 17th.

The Gabelli Global Utility & Income Trust Stock Down 0.7%

GLU traded down $0.13 during trading on Thursday, hitting $18.24. 1,533 shares of the stock traded hands, compared to its average volume of 11,340. The business has a 50 day moving average price of $18.11 and a 200 day moving average price of $17.53. The Gabelli Global Utility & Income Trust has a twelve month low of $14.07 and a twelve month high of $18.44.

About The Gabelli Global Utility & Income Trust

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.