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

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.84 and traded as high as $18.17. The Gabelli Global Utility & Income Trust shares last traded at $18.10, with a volume of 5,874 shares traded.

The Gabelli Global Utility & Income Trust Price Performance

The company’s 50-day moving average price is $17.84 and its 200 day moving average price is $17.00.

The Gabelli Global Utility & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 12th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 12th.

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.