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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, May 13th. Shareholders of record on Monday, August 17th will be given a dividend of 0.11 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Monday, August 17th.

The Gabelli Global Utility & Income Trust Stock Performance

NYSEAMERICAN:GLU opened at $19.68 on Thursday. The Gabelli Global Utility & Income Trust has a 12 month low of $16.33 and a 12 month high of $21.69. The firm has a fifty day simple moving average of $19.73 and a two-hundred day simple moving average of $19.51.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in The Gabelli Global Utility & Income Trust by 1.0% in the 1st quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock valued at $1,480,000 after buying an additional 777 shares in the last quarter. Advisortrust Partners LLC boosted its holdings in The Gabelli Global Utility & Income Trust by 62.5% in the first quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after acquiring an additional 25,618 shares in the last quarter. LPL Financial LLC grew its stake in The Gabelli Global Utility & Income Trust by 5.4% in the fourth quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock valued at $855,000 after acquiring an additional 2,291 shares during the period. Wells Fargo & Company MN grew its stake in The Gabelli Global Utility & Income Trust by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock valued at $681,000 after acquiring an additional 2,170 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in shares of 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 valued at $306,000 after acquiring an additional 4,015 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.