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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, August 12th. Investors of record on Friday, November 13th will be paid a dividend of 0.11 per share on Friday, November 20th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, November 13th.

The Gabelli Global Utility & Income Trust Stock Up 0.2%

GLU opened at $19.34 on Thursday. The Gabelli Global Utility & Income Trust has a one year low of $17.62 and a one year high of $21.69. The stock’s 50 day moving average price is $19.18 and its 200-day moving average price is $19.71.

Institutional Trading of The Gabelli Global Utility & Income Trust

Several institutional investors and hedge funds have recently modified their holdings of GLU. Raymond James Financial Inc. raised its position in The Gabelli Global Utility & Income Trust by 29.4% during the 2nd quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock valued at $306,000 after purchasing an additional 4,015 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of The Gabelli Global Utility & Income Trust by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after purchasing an additional 3,721 shares during the period. International Assets Investment Management LLC purchased a new stake in The Gabelli Global Utility & Income Trust during the fourth quarter worth $53,000. LPL Financial LLC raised its position in shares of The Gabelli Global Utility & Income Trust by 5.4% in the 4th quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock worth $855,000 after acquiring an additional 2,291 shares in the last quarter. Finally, Wells Fargo & Company MN boosted 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 valued at $681,000 after purchasing an additional 2,170 shares in the last quarter.

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.