The Gabelli Global Utility & Income Trust (GLU)
| Market Value | 98.43M |
| Revenue (ttm) | 4.77M |
| Net Income (ttm) | 1.97M |
| Shares Out | 5.97M |
| EPS (ttm) | 0.33 |
| PE Ratio | 49.94 |
| Forward PE | n/a |
| Dividend | $1.20 (7.28%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 19,576 |
| Open | 16.20 |
| Previous Close | 16.30 |
| Day's Range | 16.18 - 16.49 |
| 52-Week Range | 12.35 - 17.44 |
| Beta | 0.94 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About GLU
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... [Read more]
News
Gabelli Global Utility & Income Trust Adds June 26, 2025 as Put Date for Series B Preferred Shares
RYE, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2025 as an additional put date f...
Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixe...
Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008
Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisi...
Gabelli Global Utility & Income Trust Appoints Nicolas W. Platt to Board of Trustees
RYE, N.Y., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (the “Board”) (NYSE American: GLU) (the “Fund”) announced the appointment of Nicolas W....
Gabelli Global Utility & Income Trust Adds June 26, 2024 as Put Date for Series B Preferred Shares
RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2024 as an additional put date f...
Gabelli Global Utility & Income Trust Alerts Series B Preferred Shareholders of Upcoming Put Date on December 26, 2023
RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) Series B Cumulative Puttable and Callable Preferred Shareholders (the “Series B...
GLU: A High-Risk Strategy That May Be Uncomfortable For Some Yield Seekers
The utility sector has long been a favorite of conservative investors due to its overall stability and high yields. The market mania has driven down yields, but Gabelli Global Utility & Income Trust i...
Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions Of $0.10 Per Share
RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed...
GLU: Amortizing NAV Fund
GLU invests in utilities and other defensive income-producing securities. GLU pays a forward yield of 7.8%. However, the yield has been funded by liquidating NAV, as GLU does not earn sufficient retur...
GLU: Stable Yield And Distribution But Performance Is Disappointing
Utilities have long been a favorite asset among conservative investors looking for stable income. Closed-end fund GLU invests in utilities and other dividend-paying companies that have similar charact...
GLU: Rights Offering Unexpectedly Decent
GLU's rights offering has concluded. A higher than expected number of rights holders subscribed.
Gabelli Global Utility & Income Trust Rights Offering Concludes Raising $9.4 Million
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) announces the completion of its transferable rights offering (the “Offe...
The Gabelli Global Utility & Income Trust Extends Expiration of Common Share Rights Offering to June 29, 2022
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has extended the previously announced transferable rights offering whic...
GLU: Rights Offering Quick Notes
GLU's rights offering is now live. Rights are discounted versus their intrinsic value, possibly arbitrage opportunity.
Gabelli Global Utility & Income Trust Announces Rights Offering for Common Shares Record Date and Summary of Terms
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved a transferable rights offering which would allow the Fund'...
Closed-End Funds: A Check On The Utility/Infrastructure Space
Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cas...
Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008
There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.
Evaluating CEFs: Narrow Distribution Coverage From GLU
GLU has a 5.95% current yield, generous but is it sustainable? I continue a series where I examine CEFs beyond the yield with a look at GLU, another fund managed by Gabelli.
Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett (Podcast Transcript)
Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Ut...
Closed-End Funds: These Funds Have Never Cut Distributions And Have An Inception Pre-2008
Not all funds were forced to cut distributions during market panics. Today's list is of funds that have been paying the same or more regular distribution for a long time.
GLU: A Slow And Steady Income CEF
Utilities can offer conservative investors an attractive way to generate income due to their comparatively high yields and stable cash flows. The low interest rate environment has made it nearly impos...
Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.10 Per Share
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash di...
Bet on these tech stocks to bounce back after coronavirus pandemic, says Morgan Stanley
A handful of tech companies will emerge from the COVID-19 pandemic stronger, while investors should expect other businesses to weaken, according to a research note from Morgan Stanley.