The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on June 13th

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.10 per share on Monday, June 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Friday, June 13th.

The Gabelli Global Utility & Income Trust has decreased its dividend payment by an average of 8.8% annually over the last three years.

The Gabelli Global Utility & Income Trust Price Performance

Shares of NYSE GLU opened at $16.92 on Wednesday. The business’s 50 day moving average is $16.22 and its two-hundred day moving average is $15.89. The Gabelli Global Utility & Income Trust has a 52-week low of $13.42 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.