The Gabelli Global Utility & Income Trust (NYSE:GLU) Declares $0.10 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a monthly dividend on Monday, November 18th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.10 per share on Monday, March 24th. This represents a $1.20 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Global Utility & Income Trust has decreased its dividend payment by an average of 8.8% annually over the last three years.

The Gabelli Global Utility & Income Trust Stock Up 0.3 %

Shares of GLU stock opened at $15.90 on Friday. The company has a 50-day simple moving average of $15.51 and a 200 day simple moving average of $15.84. The Gabelli Global Utility & Income Trust has a 52 week low of $13.32 and a 52 week high of $17.44.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.