The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Stock Price Passes Above 50-Day Moving Average – Here’s Why

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.13 and traded as high as $18.42. The Gabelli Global Utility & Income Trust shares last traded at $18.12, with a volume of 15,854 shares changing hands.

The Gabelli Global Utility & Income Trust Price Performance

The company’s fifty day moving average is $18.13 and its two-hundred day moving average is $17.62.

The Gabelli Global Utility & Income Trust Dividend Announcement

The firm 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 $0.11 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

The Gabelli Global Utility & Income Trust Company Profile

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.