The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Announces $0.11 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, February 11th. Shareholders of record on Monday, June 15th will be given a dividend of 0.11 per share on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

The Gabelli Global Utility & Income Trust Trading Up 0.5%

Shares of The Gabelli Global Utility & Income Trust stock opened at $19.12 on Friday. The firm has a 50-day simple moving average of $19.50 and a two-hundred day simple moving average of $19.67. The Gabelli Global Utility & Income Trust has a fifty-two week low of $16.60 and a fifty-two week high of $21.69.

The Gabelli Global Utility & Income Trust Company Profile

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.