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

Posted by Tammy Falkenburg on Feb 19th, 2025

The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) 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 7.56%. The ex-dividend date is Friday, June 13th.

The Gabelli Global Utility & Income Trust has increased its dividend by an average of 2.2% annually over the last three years.

The Gabelli Global Utility & Income Trust Price Performance

Shares of The Gabelli Global Utility & Income Trust stock opened at $15.88 on Wednesday. The Gabelli Global Utility & Income Trust has a fifty-two week low of $13.06 and a fifty-two week high of $17.44. The business has a 50-day moving average price of $15.39 and a 200 day moving average price of $15.74.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli sold 4,275 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $50.40, for a total value of $215,460.00. Following the completion of the sale, the insider now directly owns 71,725 shares of the company’s stock, valued at approximately $3,614,940. This represents a 5.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

The Gabelli Global Utility & Income Trust Company Profile

(Get Free Report)

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.