The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Shares Cross Above 50 Day Moving Average – What’s Next?

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.27 and traded as high as $18.63. The Gabelli Global Utility & Income Trust shares last traded at $18.52, with a volume of 2,745 shares changing hands.

The Gabelli Global Utility & Income Trust Trading Down 0.7%

The firm has a fifty day moving average of $18.27 and a 200-day moving average of $17.84.

The Gabelli Global Utility & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

About The Gabelli Global Utility & Income Trust

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.