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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, November 12th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.11 per share on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, March 17th.

The Gabelli Global Utility & Income Trust Trading Down 0.4%

Shares of GLU stock traded down $0.08 during trading hours on Thursday, reaching $18.29. The company’s stock had a trading volume of 3,348 shares, compared to its average volume of 11,347. The Gabelli Global Utility & Income Trust has a fifty-two week low of $14.07 and a fifty-two week high of $18.44. The firm’s 50 day simple moving average is $18.11 and its 200-day simple moving average is $17.53.

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.