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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.10 per share on Monday, March 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Global Utility & Income Trust Trading Up 0.2 %

Shares of NYSE GLU opened at $16.10 on Tuesday. The firm’s fifty day moving average is $16.21 and its two-hundred day moving average is $15.13. The Gabelli Global Utility & Income Trust has a 52-week low of $12.35 and a 52-week high of $17.44.

About The Gabelli Global Utility & Income Trust

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.