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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.10 per share on Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend is Monday, September 16th.

The Gabelli Global Utility & Income Trust Stock Up 0.3 %

NYSE:GLU opened at $15.55 on Friday. The Gabelli Global Utility & Income Trust has a twelve month low of $11.61 and a twelve month high of $15.69. The stock’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $14.35.

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.