The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.10 per share on Monday, June 23rd. This represents a $1.20 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Friday, June 13th.
The Gabelli Global Utility & Income Trust has increased its dividend by an average of 2.2% per year over the last three years.
The Gabelli Global Utility & Income Trust Price Performance
Shares of GLU opened at $15.91 on Thursday. The Gabelli Global Utility & Income Trust has a one year low of $13.06 and a one year high of $17.44. The stock has a 50-day moving average price of $15.38 and a 200 day moving average price of $15.74.
Insider Transactions at The Gabelli Global Utility & Income Trust
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.
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