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

The Gabelli Global Utility & Income Trust (NYSE:GLUGet Free Report) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.10 per share on Thursday, February 22nd. This represents a $1.20 annualized dividend and a dividend yield of 9.03%. The ex-dividend date of this dividend is Tuesday, February 13th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of The Gabelli Global Utility & Income Trust stock opened at $13.29 on Monday. The firm’s 50 day moving average is $13.26. The Gabelli Global Utility & Income Trust has a 1 year low of $11.61 and a 1 year high of $15.40.

Insider Buying and Selling

In related news, insider Mario J. Gabelli sold 2,298 shares of The Gabelli Global Utility & Income Trust stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $50.35, for a total transaction of $115,704.30. Following the sale, the insider now directly owns 76,000 shares in the company, valued at approximately $3,826,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of The Gabelli Global Utility & Income Trust

A hedge fund recently bought a new stake in The Gabelli Global Utility & Income Trust stock. International Assets Investment Management LLC purchased a new position in shares of The Gabelli Global Utility & Income Trust (NYSE:GLUFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,636 shares of the company’s stock, valued at approximately $35,000.

The Gabelli Global Utility & Income Trust Company Profile

(Get Free Report)

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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Dividend History for The Gabelli Global Utility & Income Trust (NYSE:GLU)

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