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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) announced a monthly dividend on Wednesday, February 11th. Shareholders of record on Thursday, April 16th will be paid a dividend of 0.11 per share on Thursday, April 23rd. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, April 16th.

The Gabelli Global Utility & Income Trust Stock Down 0.5%

Shares of GLU opened at $19.42 on Tuesday. The stock has a 50 day simple moving average of $20.26 and a two-hundred day simple moving average of $19.28. The Gabelli Global Utility & Income Trust has a 1 year low of $15.32 and a 1 year high of $21.69.

Institutional Trading of The Gabelli Global Utility & Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of GLU. Kestra Advisory Services LLC purchased a new stake in The Gabelli Global Utility & Income Trust in the fourth quarter worth approximately $43,000. International Assets Investment Management LLC purchased a new stake in The Gabelli Global Utility & Income Trust in the fourth quarter worth approximately $53,000. Garton & Associates Financial Advisors LLC purchased a new stake in The Gabelli Global Utility & Income Trust in the fourth quarter worth approximately $56,000. Cornerstone Advisors LLC boosted its stake in The Gabelli Global Utility & Income Trust by 313.5% in the third quarter. Cornerstone Advisors LLC now owns 8,684 shares of the company’s stock worth $157,000 after buying an additional 6,584 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $278,000.

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.