The Gabelli Global Utility & Income Trust to Issue Monthly Dividend of $0.11 (NYSEAMERICAN:GLU)

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, August 12th. Investors of record on Friday, December 11th will be given a dividend of 0.11 per share on Friday, December 18th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 11th.

The Gabelli Global Utility & Income Trust Stock Up 0.2%

Shares of NYSEAMERICAN GLU opened at $19.34 on Thursday. The stock’s fifty day moving average price is $19.18 and its two-hundred day moving average price is $19.71. The Gabelli Global Utility & Income Trust has a one year low of $17.62 and a one year high of $21.69.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust in the fourth quarter valued at approximately $43,000. Fifth Third Bancorp acquired a new position in The Gabelli Global Utility & Income Trust in the 1st quarter valued at $44,000. International Assets Investment Management LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at $53,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter valued at $56,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust during the 4th quarter worth $278,000.

The Gabelli Global Utility & Income Trust Company Profile

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.