The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on March 24th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLUGet Free Report) announced a monthly dividend on Wednesday, November 12th. Investors of record on Tuesday, March 17th will be given a dividend of 0.11 per share on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU opened at $19.85 on Friday. The Gabelli Global Utility & Income Trust has a 52-week low of $14.07 and a 52-week high of $21.69. The business’s 50 day moving average price is $20.42 and its two-hundred day moving average price is $19.06.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GLU. Cornerstone Advisors LLC bought a new position in The Gabelli Global Utility & Income Trust during the second quarter worth $36,000. Kestra Advisory Services LLC acquired a new stake in The Gabelli Global Utility & Income Trust in the fourth quarter worth $43,000. International Assets Investment Management LLC bought a new stake in The Gabelli Global Utility & Income Trust in the fourth quarter valued at $53,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the fourth quarter valued at about $56,000. Finally, Corient Private Wealth LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the fourth quarter valued at about $278,000.

About The Gabelli Global Utility & Income Trust

(Get Free Report)

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.

Further Reading

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

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