GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Raises Dividend to $0.04 Per Share

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) announced a monthly dividend on Wednesday, August 12th. Investors of record on Friday, October 16th will be given a dividend of 0.035 per share by the investment management company on Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend 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 Stock Performance

Shares of GGN stock opened at $5.36 on Thursday. GAMCO Global Gold, Natural Resources & Income Trust has a twelve month low of $4.43 and a twelve month high of $5.88. The stock’s fifty day simple moving average is $4.94 and its 200 day simple moving average is $5.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 165.9% in the fourth quarter. Global Retirement Partners LLC now owns 5,771 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 3,601 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 4th quarter worth about $51,000. NBC Securities Inc. boosted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 155.6% during the 4th quarter. NBC Securities Inc. now owns 11,500 shares of the investment management company’s stock worth $59,000 after purchasing an additional 7,000 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at about $66,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 4th quarter valued at about $77,000.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.