The Gabelli Global Utility & Income Trust (NYSE:GLU) Declares $0.10 Dividend

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Stockholders of record on Thursday, January 16th will be given a dividend of 0.10 per share on Friday, January 24th. The ex-dividend date is Thursday, January 16th.

The Gabelli Global Utility & Income Trust Stock Performance

Shares of The Gabelli Global Utility & Income Trust stock opened at $14.70 on Tuesday. The business has a 50 day moving average of $15.92 and a 200 day moving average of $15.57. The Gabelli Global Utility & Income Trust has a 52 week low of $12.99 and a 52 week high of $17.44.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli sold 1,725 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $50.40, for a total value of $86,940.00. Following the completion of the transaction, the insider now owns 70,000 shares in the company, valued at $3,528,000. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

The Gabelli Global Utility & Income Trust Company Profile

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.