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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, November 11th. Investors of record on Thursday, January 14th will be paid a dividend of $0.11 per share on Friday, January 22nd. This represents a $1.32 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Thursday, January 14th.

The Gabelli Global Utility & Income Trust Stock Performance

NYSEAMERICAN:GLU opened at $18.92 on Thursday. The company’s 50-day moving average is $18.15 and its two-hundred day moving average is $19.29. The Gabelli Global Utility & Income Trust has a 12-month low of $17.20 and a 12-month high of $21.69.

Hedge Funds Weigh In On The Gabelli Global Utility & Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC boosted its stake in shares of The Gabelli Global Utility & Income Trust by 1.7% in the third quarter. Private Advisor Group LLC now owns 80,168 shares of the company’s stock valued at $1,422,000 after purchasing an additional 1,342 shares during the period. Sigma Planning Corp raised its position in shares of The Gabelli Global Utility & Income Trust by 8.5% during the 3rd quarter. Sigma Planning Corp now owns 15,545 shares of the company’s stock valued at $276,000 after acquiring an additional 1,217 shares in the last quarter. Advisortrust Partners LLC boosted its holdings in shares of The Gabelli Global Utility & Income Trust by 62.5% in the 1st quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock valued at $1,276,000 after buying an additional 25,618 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of The Gabelli Global Utility & Income Trust during the first quarter valued at approximately $44,000.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSEAMERICAN: GLU) is a diversified, closed-end management investment company. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in equity and debt securities issued by companies operating in the utility and related industries. Its investment universe may include electric, gas, water, telecommunications, cable, satellite, and power companies, as well as other businesses connected to utility infrastructure and essential services.