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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Rating) declared a monthly dividend on Thursday, May 25th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.10 per share on Friday, September 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend is Thursday, September 14th.

The Gabelli Global Utility & Income Trust Price Performance

NYSEAMERICAN GLU opened at $13.15 on Friday. The Gabelli Global Utility & Income Trust has a 52-week low of $13.14 and a 52-week high of $17.24.

Institutional Trading of The Gabelli Global Utility & Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of The Gabelli Global Utility & Income Trust by 27.5% during the second quarter. LPL Financial LLC now owns 27,333 shares of the company’s stock valued at $441,000 after buying an additional 5,897 shares during the last quarter. UBS Group AG boosted its holdings in The Gabelli Global Utility & Income Trust by 46.8% during the 1st quarter. UBS Group AG now owns 13,326 shares of the company’s stock valued at $195,000 after acquiring an additional 4,249 shares during the period. SeaCrest Wealth Management LLC grew its position in The Gabelli Global Utility & Income Trust by 36.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 14,500 shares of the company’s stock worth $204,000 after acquiring an additional 3,900 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in The Gabelli Global Utility & Income Trust by 5.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 39,804 shares of the company’s stock valued at $561,000 after purchasing an additional 2,150 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of The Gabelli Global Utility & Income Trust by 11.9% during the second quarter. NewEdge Advisors LLC now owns 13,200 shares of the company’s stock valued at $213,000 after purchasing an additional 1,400 shares during the period.

About The Gabelli Global Utility & Income Trust

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Gabelli Global Utility & Income Trust is a non-diversified closed-end management investment company. Its investment objective is to seek consistent level of after-tax total return for its investors with an emphasis on qualified dividends by investing its assets in equity securities and income producing securities of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay dividends periodically.