The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Plans $0.11 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, February 11th. Investors of record on Thursday, April 16th will be given a dividend of 0.11 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 16th.

The Gabelli Global Utility & Income Trust Stock Up 1.7%

Shares of GLU stock opened at $21.12 on Thursday. The Gabelli Global Utility & Income Trust has a fifty-two week low of $14.07 and a fifty-two week high of $21.69. The firm’s 50 day moving average price is $19.54 and its two-hundred day moving average price is $18.56.

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.