The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on March 24th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced 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) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, March 17th.

The Gabelli Global Utility & Income Trust Stock Down 0.3%

Shares of GLU stock traded down $0.06 on Friday, reaching $19.85. The stock had a trading volume of 11,314 shares, compared to its average volume of 12,402. The Gabelli Global Utility & Income Trust has a 12 month low of $14.07 and a 12 month high of $21.69. The firm’s 50-day moving average is $20.42 and its two-hundred day moving average is $19.06.

The Gabelli Global Utility & Income Trust Company Profile

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.