The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Shareholders Set to Receive $0.11 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Thursday, February 11th will be given a dividend of $0.11 per share on Friday, February 19th. This represents a $1.32 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, February 11th.

The Gabelli Global Utility & Income Trust Trading Down 0.7%

Shares of NYSEAMERICAN GLU opened at $18.92 on Thursday. The company’s 50-day simple moving average is $18.15 and its 200-day simple moving average is $19.29. The Gabelli Global Utility & Income Trust has a 52-week low of $17.20 and a 52-week high of $21.69.

Institutional Inflows and Outflows

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

About The Gabelli Global Utility & Income Trust

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.