The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) announced a monthly dividend on Wednesday, November 12th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.11 per share on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 17th.
The Gabelli Global Utility & Income Trust Stock Performance
NYSEAMERICAN:GLU opened at $19.85 on Friday. The business has a 50 day simple moving average of $20.42 and a 200 day simple moving average of $19.06. The Gabelli Global Utility & Income Trust has a 12-month low of $14.07 and a 12-month high of $21.69.
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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