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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, May 13th. Stockholders 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 dividend yield of 6.7%. The ex-dividend date 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 52 week low of $16.33 and a 52 week high of $21.69. The stock’s 50-day moving average price is $19.73 and its 200-day moving average price is $19.51.

Institutional Investors Weigh In On The Gabelli Global Utility & Income Trust

A number of institutional investors have recently modified their holdings of the business. Private Advisor Group LLC grew its position in shares of The Gabelli Global Utility & Income Trust by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock valued at $1,480,000 after acquiring an additional 777 shares during the period. Wells Fargo & Company MN grew its position in shares of The Gabelli Global Utility & Income Trust by 6.5% during the 4th 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. Kestra Advisory Services LLC purchased a new position in The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $43,000. Fifth Third Bancorp purchased a new position in The Gabelli Global Utility & Income Trust in the 1st quarter valued at about $44,000. Finally, LPL Financial LLC lifted its stake in 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 valued at $855,000 after buying an additional 2,291 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.