The Gabelli Global Utility & Income Trust (NYSE:GLU – Get 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
The Gabelli Global Utility & Income Trust Company Profile
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.
- Five stocks we like better than The Gabelli Global Utility & Income Trust
- Election Stocks: How Elections Affect the Stock Market
- Wendy’s vs Shake Shack: Out with the new, in with the old?
- The 3 Best Fintech Stocks to Buy Now
- Simpson Manufacturing stock doubled in value; It can double again
- Short Selling: How to Short a Stock
- Uber quadruples EPS estimates, but is growth decelerating?
Receive News & Ratings for The Gabelli Global Utility & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Global Utility & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.