The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) announced a monthly dividend on Wednesday, February 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.11 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, June 15th.
The Gabelli Global Utility & Income Trust Price Performance
Shares of GLU stock opened at $19.12 on Friday. The Gabelli Global Utility & Income Trust has a one year low of $16.60 and a one year high of $21.69. The company’s 50-day moving average is $19.50 and its 200 day moving average is $19.67.
About The Gabelli Global Utility & Income Trust
The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.
GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.
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