The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on January 23rd

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, November 12th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.11 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 10.0% increase from The Gabelli Global Utility & Income Trust’s previous monthly dividend of $0.10.

The Gabelli Global Utility & Income Trust Trading Down 1.4%

GLU opened at $18.11 on Friday. The firm’s 50 day simple moving average is $18.11 and its two-hundred day simple moving average is $17.54. The Gabelli Global Utility & Income Trust has a 1-year low of $14.07 and a 1-year high of $18.44.

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.