The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Free Report) announced a monthly dividend on Wednesday, November 12th. Investors of record on Thursday, February 12th will be paid a dividend of 0.11 per share on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Thursday, February 12th.
The Gabelli Global Utility & Income Trust Stock Performance
NYSEAMERICAN:GLU opened at $20.71 on Tuesday. The Gabelli Global Utility & Income Trust has a 52-week low of $14.07 and a 52-week high of $20.83. The stock’s 50 day moving average price is $19.43 and its 200 day moving average price is $18.52.
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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