The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.10 on June 23rd

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Friday, June 13th.

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

The Gabelli Global Utility & Income Trust Price Performance

GLU opened at $16.92 on Wednesday. The company’s 50 day simple moving average is $16.22 and its 200-day simple moving average is $15.89. The Gabelli Global Utility & Income Trust has a one year low of $13.42 and a one year high of $17.44.

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.