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

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 of this dividend 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 Gabelli Global Utility & Income Trust has a one year low of $12.99 and a one year high of $17.44. The stock’s 50-day moving average is $15.92 and its 200-day moving average is $15.57.

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 sale, the insider now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link.

About The Gabelli Global Utility & Income Trust

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.