The Gabelli Global Utility & Income Trust to Issue Monthly Dividend of $0.10 (NYSE:GLU)

Posted by Stacy Sanders on Feb 19th, 2025

The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) announced a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.10 per share on Monday, June 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Friday, June 13th.

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

The Gabelli Global Utility & Income Trust Stock Performance

NYSE GLU opened at $15.88 on Wednesday. The Gabelli Global Utility & Income Trust has a 52-week low of $13.06 and a 52-week high of $17.44. The company’s fifty day moving average is $15.39 and its two-hundred day moving average is $15.74.

Insider Buying and Selling at The Gabelli Global Utility & Income Trust

In other news, insider Mario J. Gabelli sold 1,725 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $50.40, for a total transaction of $86,940.00. Following the completion of the sale, the insider now owns 70,000 shares in the company, valued at $3,528,000. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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.