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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, May 13th. Investors of record on Monday, August 17th will be paid a dividend of 0.11 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 17th.

The Gabelli Global Utility & Income Trust Stock Performance

GLU stock opened at $19.68 on Thursday. The Gabelli Global Utility & Income Trust has a 12-month low of $16.33 and a 12-month high of $21.69. The company’s fifty day simple moving average is $19.73 and its 200 day simple moving average is $19.51.

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.