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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, November 11th. Stockholders of record on Wednesday, March 17th will be given a dividend of $0.11 per share on Wednesday, March 24th. This represents a $1.32 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Wednesday, March 17th.

The Gabelli Global Utility & Income Trust Trading Down 0.7%

The Gabelli Global Utility & Income Trust stock opened at $18.92 on Thursday. The company has a 50 day moving average of $18.15 and a 200-day moving average of $19.29. The Gabelli Global Utility & Income Trust has a twelve month low of $17.20 and a twelve month high of $21.69.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its stake in The Gabelli Global Utility & Income Trust by 1.7% in the 3rd quarter. Private Advisor Group LLC now owns 80,168 shares of the company’s stock worth $1,422,000 after purchasing an additional 1,342 shares during the period. Advisortrust Partners LLC increased its holdings in The Gabelli Global Utility & Income Trust by 62.5% during the 1st quarter. Advisortrust Partners LLC now owns 66,622 shares of the company’s stock worth $1,276,000 after purchasing an additional 25,618 shares in the last quarter. Sigma Planning Corp increased its holdings in The Gabelli Global Utility & Income Trust by 8.5% during the 3rd quarter. Sigma Planning Corp now owns 15,545 shares of the company’s stock worth $276,000 after purchasing an additional 1,217 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 1st quarter valued at about $44,000.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSEAMERICAN: GLU) is a diversified, closed-end management investment company. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in equity and debt securities issued by companies operating in the utility and related industries. Its investment universe may include electric, gas, water, telecommunications, cable, satellite, and power companies, as well as other businesses connected to utility infrastructure and essential services.