The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.11 on June 23rd

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, February 11th. Stockholders of record on Monday, June 15th will be given a dividend of 0.11 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, June 15th.

The Gabelli Global Utility & Income Trust Trading Up 0.5%

Shares of The Gabelli Global Utility & Income Trust stock traded up $0.09 on Friday, hitting $19.12. The company had a trading volume of 7,523 shares, compared to its average volume of 10,906. The business has a 50-day simple moving average of $19.50 and a 200-day simple moving average of $19.67. The Gabelli Global Utility & Income Trust has a 52 week low of $16.60 and a 52 week high of $21.69.

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. Cornerstone Advisors LLC boosted its holdings in 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 buying an additional 6,584 shares in the last quarter. International Assets Investment Management LLC acquired a new position in The Gabelli Global Utility & Income Trust in the fourth quarter worth approximately $53,000. Advisortrust Partners LLC acquired a new position in The Gabelli Global Utility & Income Trust in the fourth quarter worth approximately $790,000. Private Advisor Group LLC grew its position in The Gabelli Global Utility & Income Trust by 1.0% in the first quarter. Private Advisor Group LLC now owns 77,270 shares of the company’s stock worth $1,480,000 after buying an additional 777 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in The Gabelli Global Utility & Income Trust in the first quarter worth approximately $44,000.

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.