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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Tuesday, August 27th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Thursday, November 14th.

The Gabelli Global Utility & Income Trust Stock Performance

The Gabelli Global Utility & Income Trust stock opened at $16.25 on Tuesday. The business has a fifty day moving average of $16.14 and a two-hundred day moving average of $15.05. The Gabelli Global Utility & Income Trust has a twelve month low of $11.86 and a twelve month 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.