The Gabelli Global Utility & Income Trust (GLU) to Issue Monthly Dividend of $0.10 on February 21st

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Thursday, February 13th will be given a dividend of 0.10 per share on Friday, February 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date is Thursday, February 13th.

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

The Gabelli Global Utility & Income Trust Stock Up 0.3 %

GLU opened at $15.64 on Tuesday. The business’s fifty day simple moving average is $15.46 and its 200 day simple moving average is $15.70. The Gabelli Global Utility & Income Trust has a 52 week low of $13.06 and a 52 week high of $17.44.

Insiders Place Their Bets

In other The Gabelli Global Utility & Income Trust news, insider Mario J. Gabelli sold 1,725 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $50.40, for a total value of $86,940.00. Following the sale, the insider now directly owns 70,000 shares of the company’s stock, valued at approximately $3,528,000. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.