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

Posted by Trevor Kearing on Feb 20th, 2025

The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Friday, June 13th.

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

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU opened at $15.91 on Thursday. The Gabelli Global Utility & Income Trust has a one year low of $13.06 and a one year high of $17.44. The stock has a 50-day moving average price of $15.38 and a 200 day moving average price of $15.74.

Insider Transactions at The Gabelli Global Utility & Income Trust

In other news, insider Mario J. Gabelli sold 1,725 shares of the firm’s stock in a transaction 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 sale, the insider now owns 70,000 shares of the company’s stock, valued at $3,528,000. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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.