Gabelli Global Utility & Income Trust Closed-Ended Fund (NYSEAMERICAN:GLU) declared a monthly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Thursday, April 16th will be given a dividend of 0.10 per share on Thursday, April 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend is Wednesday, April 15th.
NYSEAMERICAN:GLU opened at $19.42 on Friday. Gabelli Global Utility & Income Trust Closed-Ended Fund has a 1-year low of $17.39 and a 1-year high of $20.04.
In related news, President Bruce N. Alpert sold 900 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $51.70, for a total value of $46,530.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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