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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, May 13th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.11 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date is Wednesday, September 16th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of GLU opened at $19.76 on Friday. The stock’s fifty day moving average price is $19.71 and its two-hundred day moving average price is $19.52. The Gabelli Global Utility & Income Trust has a 1 year low of $16.33 and a 1 year high of $21.69.

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.