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

Posted by Jessica Moore on Feb 18th, 2025

The Gabelli Global Utility & Income Trust (NYSE:GLU – Get Free Report) announced a monthly dividend on Tuesday, February 18th,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 by an average of 2.2% annually over the last three years.

The Gabelli Global Utility & Income Trust Stock Up 0.1 %

Shares of NYSE GLU traded up $0.01 during midday trading on Tuesday, reaching $15.88. 28,571 shares of the stock were exchanged, compared to its average volume of 13,444. The company has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $15.74. The Gabelli Global Utility & Income Trust has a twelve month low of $13.06 and a twelve month high of $17.44.

Insider Transactions at The Gabelli Global Utility & Income Trust

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 shares were 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. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

About The Gabelli Global Utility & Income Trust

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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.