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

The Gabelli Global Utility & Income Trust (NYSE:GLU) 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 7.54%. The ex-dividend date of this dividend 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 Trading Up 0.2 %

Shares of The Gabelli Global Utility & Income Trust stock opened at $15.91 on Thursday. 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 50-day moving average price is $15.38 and its two-hundred day moving average price is $15.74.

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

In related news, insider Mario J. Gabelli sold 1,725 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 in the company, valued at approximately $3,528,000. This represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.