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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLUGet Rating) announced a monthly dividend on Tuesday, May 17th, Wall Street Journal reports. Shareholders of record on Wednesday, August 17th will be paid a dividend of 0.10 per share on Wednesday, August 24th. This represents a $1.20 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Tuesday, August 16th.

Shares of NYSEAMERICAN GLU opened at $16.52 on Wednesday. The Gabelli Global Utility & Income Trust has a 1 year low of $16.39 and a 1 year high of $23.99.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of The Gabelli Global Utility & Income Trust by 106.0% in the 2nd quarter. Royal Bank of Canada now owns 6,378 shares of the company’s stock valued at $134,000 after purchasing an additional 3,282 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of The Gabelli Global Utility & Income Trust in the 4th quarter valued at about $258,000. LPL Financial LLC lifted its holdings in shares of The Gabelli Global Utility & Income Trust by 10.0% in the 4th quarter. LPL Financial LLC now owns 22,745 shares of the company’s stock valued at $479,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of The Gabelli Global Utility & Income Trust by 0.5% in the 2nd quarter. Morgan Stanley now owns 153,510 shares of the company’s stock valued at $3,208,000 after purchasing an additional 736 shares during the last quarter.

About The Gabelli Global Utility & Income Trust (Get Rating)

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.

See Also

Dividend History for The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)

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