The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Shares Cross Above Fifty Day Moving Average – Time to Sell?

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

The Gabelli Global Utility & Income Trust Stock Down 0.4%

The firm has a 50 day moving average price of $18.45 and a two-hundred day moving average price of $17.96.

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 paid 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.

The Gabelli Global Utility & Income Trust Company Profile

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.