The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Shares Pass Above 50 Day Moving Average – Here’s What Happened

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.41 and traded as high as $19.99. The Gabelli Global Utility & Income Trust shares last traded at $19.98, with a volume of 49,786 shares trading hands.

The Gabelli Global Utility & Income Trust Trading Up 2.4%

The stock’s 50 day moving average is $18.41 and its 200 day moving average is $17.94.

The Gabelli Global Utility & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Tuesday, March 17th.

About The Gabelli Global Utility & Income Trust

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.