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

The Gabelli Global Utility & Income Trust (NYSE:GLU) declared a dividend on Thursday, November 14th,NASDAQ Dividends reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.10 per share on Friday, January 24th. The ex-dividend date is Thursday, January 16th.

The Gabelli Global Utility & Income Trust Price Performance

Shares of GLU opened at $14.70 on Tuesday. The Gabelli Global Utility & Income Trust has a fifty-two week low of $12.99 and a fifty-two week high of $17.44. The business has a 50-day moving average of $15.92 and a 200 day moving average of $15.57.

Insiders Place Their Bets

In other The Gabelli Global Utility & Income Trust 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 transaction of $86,940.00. Following the sale, the insider now owns 70,000 shares in the company, 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 SEC, which is available at this link.

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.