The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on May 14th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, February 11th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.11 per share on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, May 14th.

The Gabelli Global Utility & Income Trust Stock Performance

GLU opened at $19.91 on Tuesday. The Gabelli Global Utility & Income Trust has a 52 week low of $16.33 and a 52 week high of $21.69. The business has a fifty day simple moving average of $19.80 and a 200-day simple moving average of $19.49.

Institutional Trading of The Gabelli Global Utility & Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in GLU. Kestra Advisory Services LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth about $43,000. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Global Utility & Income Trust during the first quarter worth about $44,000. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth about $53,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth about $56,000. Finally, Cornerstone Advisors LLC increased its position 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 worth $157,000 after purchasing an additional 6,584 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.