The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) declared a monthly dividend on Wednesday, May 13th. Stockholders of record on Friday, July 17th will be given a dividend of 0.11 per share on Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, July 17th.
The Gabelli Global Utility & Income Trust Trading Up 0.7%
Shares of NYSEAMERICAN:GLU opened at $19.60 on Wednesday. The Gabelli Global Utility & Income Trust has a 52 week low of $17.11 and a 52 week high of $21.69. The firm’s fifty day moving average is $19.26 and its 200-day moving average is $19.76.
About The Gabelli Global Utility & Income Trust
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.
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