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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, February 11th. Investors of record on Thursday, May 14th will be given a dividend of 0.11 per share on Thursday, May 21st. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, May 14th.

The Gabelli Global Utility & Income Trust Stock Up 0.7%

NYSEAMERICAN GLU opened at $19.91 on Tuesday. The Gabelli Global Utility & Income Trust has a 1-year low of $16.33 and a 1-year high of $21.69. The business has a 50 day moving average price of $19.80 and a 200 day moving average price of $19.49.

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

Hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its position in The Gabelli Global Utility & Income Trust by 1.0% during the first quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock worth $1,480,000 after buying an additional 777 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in The Gabelli Global Utility & Income Trust during the fourth quarter worth $43,000. Garton & Associates Financial Advisors LLC purchased a new position in The Gabelli Global Utility & Income Trust during the fourth quarter worth $56,000. Raymond James Financial Inc. increased its position in The Gabelli Global Utility & Income Trust by 29.4% during the second quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock worth $306,000 after buying an additional 4,015 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in The Gabelli Global Utility & Income Trust by 6.5% during the fourth quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock worth $681,000 after buying an additional 2,170 shares in the last quarter.

About The Gabelli Global Utility & Income Trust

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.