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

The Gabelli Global Utility & Income Trust (NYSE:GLUGet Free Report) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.10 per share on Thursday, February 22nd. This represents a $1.20 dividend on an annualized basis 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

The Gabelli Global Utility & Income Trust stock opened at $13.29 on Monday. The Gabelli Global Utility & Income Trust has a 52 week low of $11.61 and a 52 week high of $15.40. The stock has a 50-day simple moving average of $13.26.

Insider Buying and Selling at The Gabelli Global Utility & Income Trust

In other The Gabelli Global Utility & Income Trust news, insider Mario J. Gabelli sold 2,298 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $50.35, for a total value of $115,704.30. Following the transaction, the insider now directly owns 76,000 shares in the company, valued at approximately $3,826,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Trading of The Gabelli Global Utility & Income Trust

An institutional investor recently raised its position in The Gabelli Global Utility & Income Trust stock. UBS Group AG raised its position in The Gabelli Global Utility & Income Trust (NYSE:GLUFree Report) by 21.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,258 shares of the company’s stock after acquiring an additional 8,815 shares during the quarter. UBS Group AG’s holdings in The Gabelli Global Utility & Income Trust were worth $662,000 at the end of the most recent quarter.

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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