GAMCO Global Gold, Natural Resources & Income Trust (GGN) to Distribute Monthly Dividend of $0.04 on October 23rd

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) declared a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 16th will be given a dividend of $0.0350 per share by the investment management company on Friday, October 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, October 16th. This is a 16.7% increase from GAMCO Global Gold, Natural Resources & Income Trust’s previous monthly dividend of $0.03.

GAMCO Global Gold, Natural Resources & Income Trust Trading Down 0.4%

Shares of GGN stock opened at $5.30 on Wednesday. GAMCO Global Gold, Natural Resources & Income Trust has a 1-year low of $4.63 and a 1-year high of $5.88. The firm’s 50-day simple moving average is $5.44 and its 200-day simple moving average is $5.23.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tactive Advisors LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth approximately $56,000. Baird Financial Group Inc. boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 2.8% in the 2nd quarter. Baird Financial Group Inc. now owns 83,877 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 2,261 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 32.6% in the 2nd quarter. Allworth Financial LP now owns 32,560 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 8,005 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 112,930 shares of the investment management company’s stock valued at $547,000 after purchasing an additional 3,322 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 23.9% during the 2nd quarter. Wedbush Securities Inc. now owns 49,104 shares of the investment management company’s stock valued at $238,000 after buying an additional 9,486 shares during the period.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end investment company listed on the NYSE American under the symbol GGN. The fund seeks to provide current income and capital appreciation by investing primarily in companies involved in gold, natural resources and related industries.

The trust generally invests in equity securities of global companies engaged in the exploration, development, production and processing of gold and other natural resources. Its portfolio may also include income-producing securities.