The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Plans $0.10 Monthly Dividend

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU – Get Rating) declared a monthly dividend on Wednesday, May 24th, Wall Street Journal reports. Investors of record on Thursday, August 17th will be given a dividend of 0.10 per share on Thursday, August 24th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date is Wednesday, August 16th.

The Gabelli Global Utility & Income Trust Price Performance

GLU stock opened at $13.15 on Friday. The Gabelli Global Utility & Income Trust has a one year low of $13.14 and a one year high of $17.24.

Institutional Trading of The Gabelli Global Utility & Income Trust

Large investors have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in The Gabelli Global Utility & Income Trust by 8.3% in the second quarter. UBS Group AG now owns 22,698 shares of the company’s stock valued at $366,000 after purchasing an additional 1,741 shares in the last quarter. LPL Financial LLC boosted its stake in shares of The Gabelli Global Utility & Income Trust by 27.5% during the 2nd quarter. LPL Financial LLC now owns 27,333 shares of the company’s stock worth $441,000 after acquiring an additional 5,897 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of The Gabelli Global Utility & Income Trust by 11.9% in the 2nd quarter. NewEdge Advisors LLC now owns 13,200 shares of the company’s stock valued at $213,000 after acquiring an additional 1,400 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in The Gabelli Global Utility & Income Trust by 5.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 39,804 shares of the company’s stock worth $561,000 after purchasing an additional 2,150 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in The Gabelli Global Utility & Income Trust by 36.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,500 shares of the company’s stock worth $204,000 after purchasing an additional 3,900 shares during the period.

About The Gabelli Global Utility & Income Trust

(Get Rating)

Gabelli Global Utility & Income Trust is a non-diversified closed-end management investment company. Its investment objective is to seek consistent level of after-tax total return for its investors with an emphasis on qualified dividends by investing its assets in equity securities and income producing securities of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay dividends periodically.