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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, February 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.11 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, June 15th.

The Gabelli Global Utility & Income Trust Stock Up 0.5%

Shares of NYSEAMERICAN:GLU traded up $0.09 during midday trading on Friday, reaching $19.12. The company’s stock had a trading volume of 7,523 shares, compared to its average volume of 10,906. The Gabelli Global Utility & Income Trust has a 12-month low of $16.60 and a 12-month high of $21.69. The firm has a 50 day moving average of $19.50 and a 200-day moving average of $19.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in shares of The Gabelli Global Utility & Income Trust by 29.4% in the second quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock worth $306,000 after acquiring an additional 4,015 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in shares of The Gabelli Global Utility & Income Trust by 313.5% during the third quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock valued at $157,000 after acquiring an additional 6,584 shares in the last quarter. Private Advisor Group LLC raised its holdings in The Gabelli Global Utility & Income Trust by 5.1% in the third quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after buying an additional 3,721 shares during the last quarter. International Assets Investment Management LLC purchased a new position in The Gabelli Global Utility & Income Trust in the 4th quarter worth approximately $53,000. Finally, LPL Financial LLC raised its stake in shares of 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 worth $855,000 after purchasing an additional 2,291 shares during 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.