Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) declared a monthly dividend on Friday, August 24th, Wall Street Journal reports. Stockholders of record on Thursday, November 15th will be paid a dividend of 0.10 per share on Friday, November 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Wednesday, November 14th.
Shares of NYSEAMERICAN:GLU opened at $18.20 on Friday. Gabelli Global Utility & Income Trust Closed-Ended Fund has a one year low of $18.00 and a one year high of $21.96.
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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.
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