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

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.10 per share on Friday, February 21st. This represents a $1.20 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend is Thursday, February 13th.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU stock traded up $0.04 during trading hours on Friday, reaching $16.06. The company had a trading volume of 7,760 shares, compared to its average volume of 13,800. The stock’s fifty day simple moving average is $16.19 and its 200 day simple moving average is $15.08. The Gabelli Global Utility & Income Trust has a twelve month low of $12.30 and a twelve month high of $17.44.

About The Gabelli Global Utility & Income Trust

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.