The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on May 21st

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, February 11th. Investors of record on Thursday, May 14th will be paid a dividend of 0.11 per share on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, May 14th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of GLU opened at $19.91 on Tuesday. The business has a fifty day moving average of $19.80 and a 200 day moving average of $19.49. The Gabelli Global Utility & Income Trust has a 52-week low of $16.33 and a 52-week high of $21.69.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in The Gabelli Global Utility & Income Trust by 1.0% in the first quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock worth $1,480,000 after buying an additional 777 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of The Gabelli Global Utility & Income Trust by 6.5% during the fourth quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock worth $681,000 after purchasing an additional 2,170 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth $43,000. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Utility & Income Trust during the first quarter worth $44,000. Finally, LPL Financial LLC lifted its position in shares of The Gabelli Global Utility & Income Trust by 5.4% during the fourth quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock worth $855,000 after purchasing an additional 2,291 shares during the last quarter.

About The Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.

GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.