The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) announced a monthly dividend on Wednesday, February 11th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.11 per share on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Thursday, May 14th.
The Gabelli Global Utility & Income Trust Price Performance
Shares of GLU stock opened at $19.91 on Tuesday. The Gabelli Global Utility & Income Trust has a 1 year low of $16.33 and a 1 year high of $21.69. The firm has a fifty day moving average price of $19.80 and a 200-day moving average price of $19.49.
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.
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