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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.10 per share on Friday, August 23rd. This represents a $1.20 annualized dividend and a dividend yield of 8.13%. The ex-dividend date is Friday, August 16th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of GLU traded up $0.11 during mid-day trading on Wednesday, reaching $14.76. 1,385 shares of the company’s stock traded hands, compared to its average volume of 10,805. The business’s 50-day moving average price is $14.17 and its 200-day moving average price is $13.47. The Gabelli Global Utility & Income Trust has a 12 month low of $11.61 and a 12 month high of $14.99.

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.