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

Posted by Mark Dietrich 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. Stockholders 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 annualized dividend 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 payment by an average of 2.2% per year over the last three years.

The Gabelli Global Utility & Income Trust Stock Up 0.1 %

Shares of GLU traded up $0.01 during mid-day trading on Tuesday, hitting $15.88. 28,571 shares of the company were exchanged, compared to its average volume of 13,444. The Gabelli Global Utility & Income Trust has a 1-year low of $13.06 and a 1-year high of $17.44. The company has a 50 day moving average of $15.40 and a 200-day moving average of $15.74.

Insider Buying and Selling

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

About The Gabelli Global Utility & Income Trust

(Get Free Report)

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.