The Gabelli Global Utility & Income Trust (GLU) To Go Ex-Dividend on August 17th

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) declared a monthly dividend on Wednesday, May 13th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.11 per share on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Monday, August 17th.

The Gabelli Global Utility & Income Trust Trading Up 0.9%

Shares of The Gabelli Global Utility & Income Trust stock opened at $19.48 on Friday. The company has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $19.70. The Gabelli Global Utility & Income Trust has a one year low of $17.62 and a one year high of $21.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GLU. Advisortrust Partners LLC purchased a new stake in The Gabelli Global Utility & Income Trust during the fourth quarter valued at approximately $790,000. Corient Private Wealth LLC purchased a new position in The Gabelli Global Utility & Income Trust in the fourth quarter worth $278,000. Raymond James Financial Inc. increased its position in shares of The Gabelli Global Utility & Income Trust by 29.4% during the second quarter. Raymond James Financial Inc. now owns 17,668 shares of the company’s stock worth $306,000 after purchasing an additional 4,015 shares in the last quarter. Private Advisor Group LLC increased its position in shares of The Gabelli Global Utility & Income Trust by 5.1% during the third quarter. Private Advisor Group LLC now owns 76,419 shares of the company’s stock worth $1,383,000 after purchasing an additional 3,721 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of The Gabelli Global Utility & Income Trust during the fourth quarter worth $56,000.

The Gabelli Global Utility & Income Trust Company Profile

The Gabelli Global Utility & Income Trust (NYSE American: GLU) is a closed-end management investment company that seeks to provide shareholders with current dividend income and capital appreciation. The trust primarily invests in equity and debt securities of utility and utility-related companies around the world. Its portfolio includes common stocks, preferred shares and corporate bonds issued by firms engaged in electric, gas, water and telecommunications services, as well as infrastructure businesses that support these industries.

GLU’s investment approach emphasizes established, dividend-paying companies with the potential for steady earnings and cash flow.