The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on November 13th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, November 13th will be given a dividend of 0.11 per share on Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, November 13th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of NYSEAMERICAN:GLU opened at $19.31 on Friday. The Gabelli Global Utility & Income Trust has a 12-month low of $17.62 and a 12-month high of $21.69. The business has a 50 day moving average of $19.18 and a 200-day moving average of $19.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in The Gabelli Global Utility & Income Trust by 29.4% in the second quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock valued at $306,000 after acquiring an additional 4,015 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of The Gabelli Global Utility & Income Trust by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock valued at $1,383,000 after purchasing an additional 3,721 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at approximately $53,000. LPL Financial LLC grew its holdings in shares of The Gabelli Global Utility & Income Trust by 5.4% during the 4th quarter. LPL Financial LLC now owns 44,361 shares of the company’s stock valued at $855,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of The Gabelli Global Utility & Income Trust by 6.5% during the 4th quarter. Wells Fargo & Company MN now owns 35,324 shares of the company’s stock valued at $681,000 after purchasing an additional 2,170 shares during the last quarter.

The Gabelli Global Utility & Income Trust Company Profile

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.