The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Declares Monthly Dividend of $0.11

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, November 12th. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.11 per share on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, January 15th. This is a 10.0% increase from The Gabelli Global Utility & Income Trust’s previous monthly dividend of $0.10.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU stock traded down $0.13 during trading hours on Thursday, hitting $18.24. The stock had a trading volume of 1,533 shares, compared to its average volume of 11,340. The stock’s 50 day moving average is $18.11 and its 200 day moving average is $17.53. The Gabelli Global Utility & Income Trust has a twelve month low of $14.07 and a twelve month high of $18.44.

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.