GAMCO Global Gold, Natural Resources & Income Trust (GGN) to Issue Monthly Dividend of $0.03 on August 24th

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN – Get Rating) announced a monthly dividend on Wednesday, May 24th, Wall Street Journal reports. Stockholders of record on Thursday, August 17th will be given a dividend of 0.03 per share by the investment management company on Thursday, August 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.84%. The ex-dividend date is Wednesday, August 16th.

GAMCO Global Gold, Natural Resources & Income Trust has decreased its dividend by an average of 15.7% annually over the last three years.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

GGN opened at $3.66 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a twelve month low of $3.06 and a twelve month high of $4.07.

Institutional Investors Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in GAMCO Global Gold, Natural Resources & Income Trust by 29.0% in the first quarter. JPMorgan Chase & Co. now owns 64,804 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 14,572 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 17.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 38,633 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 5,650 shares during the period. Two Sigma Securities LLC acquired a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter valued at approximately $59,000. Stifel Financial Corp lifted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 8.7% during the first quarter. Stifel Financial Corp now owns 66,759 shares of the investment management company’s stock worth $244,000 after purchasing an additional 5,328 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.8% in the first quarter. Bank of America Corp DE now owns 656,181 shares of the investment management company’s stock valued at $2,402,000 after buying an additional 23,851 shares in the last quarter.

About GAMCO Global Gold, Natural Resources & Income Trust

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GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.