The Gabelli Global Utility & Income Trust (NYSE:GLU) to Issue Dividend of $0.10

The Gabelli Global Utility & Income Trust (NYSE:GLUGet Free Report) declared a dividend on Thursday, November 16th, NASDAQ reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.10 per share on Thursday, February 22nd. The ex-dividend date is Tuesday, February 13th.

The Gabelli Global Utility & Income Trust Stock Down 0.7 %

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

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 dated Monday, November 20th. The stock was sold at an average price of $50.35, for a total value of $115,704.30. Following the completion of the transaction, the insider now owns 76,000 shares in the company, valued at $3,826,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

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 The Gabelli Global Utility & Income Trust (NYSE:GLUFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,636 shares of the company’s stock, valued at approximately $35,000.

About The Gabelli Global Utility & Income Trust

(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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