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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, October 16th will be paid a dividend of 0.11 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, October 16th.

The Gabelli Global Utility & Income Trust Price Performance

The Gabelli Global Utility & Income Trust stock opened at $19.34 on Thursday. The business’s fifty day simple moving average is $19.18 and its two-hundred day simple moving average is $19.71. The Gabelli Global Utility & Income Trust has a 12 month low of $17.62 and a 12 month high of $21.69.

About The Gabelli Global Utility & Income Trust

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.