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

Posted by Gary Stephens on Feb 19th, 2025

The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date 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 NYSE GLU opened at $15.88 on Wednesday. The Gabelli Global Utility & Income Trust has a twelve month low of $13.06 and a twelve month high of $17.44. The firm has a 50-day moving average of $15.39 and a two-hundred day moving average of $15.74.

Insider Activity at The Gabelli Global Utility & Income Trust

In other news, insider Mario J. Gabelli sold 1,725 shares of the company’s stock in a transaction dated 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 approximately $3,528,000. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

The Gabelli Global Utility & Income Trust Company Profile

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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.