The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

The Gabelli Global Utility & Income Trust (NYSEAMERICAN:GLU)’s stock price 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 trading hands.

The Gabelli Global Utility & Income Trust Stock Performance

The firm has a 50-day moving average price of $18.41 and a 200-day moving average price of $17.94.

The Gabelli Global Utility & Income Trust Announces Dividend

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

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.