Gabelli Global Utility of Beneficial Ownership (NYSEAMERICAN:GLU) announced a monthly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Wednesday, May 16th will be given a dividend of 0.10 per share on Wednesday, May 23rd. This represents a $1.20 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Tuesday, May 15th.
Gabelli Global Utility of Beneficial Ownership (NYSEAMERICAN GLU) traded up $0.06 during midday trading on Monday, hitting $19.22. 5,688 shares of the stock traded hands, compared to its average volume of 12,981. Gabelli Global Utility of Beneficial Ownership has a 12-month low of $17.50 and a 12-month high of $21.96.
Gabelli Global Utility of Beneficial Ownership 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.
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