The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on October 23rd

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, August 12th. Investors of record on Friday, October 16th will be paid a dividend of $0.11 per share on Friday, October 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, October 16th.

The Gabelli Global Utility & Income Trust Stock Up 0.6%

Shares of NYSEAMERICAN GLU opened at $17.72 on Wednesday. The Gabelli Global Utility & Income Trust has a 1-year low of $17.33 and a 1-year high of $21.69. The business’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $19.13.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end investment company managed by Gabelli Funds, LLC. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in utility companies and other income-producing securities.

Its portfolio may include companies involved in electric, gas, water and telecommunications utilities, as well as energy, infrastructure and related industries. The trust invests globally, giving shareholders exposure to utility and income-oriented businesses in the United States and international markets.

The fund is part of the Gabelli family of investment products and is advised by an affiliate of GAMCO Investors.