The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on March 17th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared 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) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

The Gabelli Global Utility & Income Trust Price Performance

GLU traded down $0.06 during trading on Friday, hitting $19.85. 11,314 shares of the company traded hands, compared to its average volume of 12,402. The Gabelli Global Utility & Income Trust has a one year low of $14.07 and a one year high of $21.69. The stock’s fifty day moving average is $20.42 and its 200 day moving average is $19.06.

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.