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

The Gabelli Global Utility & Income Trust (NYSE:GLU) announced a dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors 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 NYSE GLU opened at $14.70 on Tuesday. The stock’s 50-day simple moving average is $15.92 and its two-hundred day simple moving average is $15.57. The Gabelli Global Utility & Income Trust has a twelve month low of $12.99 and a twelve month high of $17.44.

Insider Transactions at The Gabelli Global Utility & Income Trust

In related news, insider Mario J. Gabelli sold 1,725 shares of the stock in a transaction 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 transaction, the insider now owns 70,000 shares of the company’s stock, valued at $3,528,000. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.