The Gabelli Global Utility & Income Trust Announces Monthly Dividend of $0.10 (NYSE:GLU)

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.10 per share on Monday, June 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Friday, June 13th.

The Gabelli Global Utility & Income Trust has decreased its dividend payment by an average of 8.8% annually over the last three years.

The Gabelli Global Utility & Income Trust Trading Up 2.3 %

Shares of NYSE GLU opened at $16.28 on Friday. The stock has a fifty day moving average price of $15.37 and a 200 day moving average price of $15.75. The Gabelli Global Utility & Income Trust has a 12-month low of $13.06 and a 12-month high of $17.44.

Insider Buying and Selling

In other The Gabelli Global Utility & Income Trust news, insider Mario J. Gabelli sold 1,725 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $50.40, for a total value of $86,940.00. Following the completion of the transaction, the insider now owns 70,000 shares in the company, valued at approximately $3,528,000. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

About The Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.