Gabelli Global Gold, Natural Resources & Income Trust (GGN) – This non-diversified, closed-end management investment company invests in the equity securities of companies principally engaged in the gold and natural resources industries.
This stock has provided a steady dividend return, as well as a way to participate in major metals mining stocks.
I have chosen GGN as the Trade of the Day twice in the past year; first on Nov. 24 at $11.50, and then again on March 5 at $12.50. In addition to outstanding appreciation, we’ve collected over 14% in dividends.
After topping at $17.60 on Jan. 11, GGN has retreated from its high and is approaching a major support level at just over $15.
This closed-end fund pays a monthly dividend at an annualized rate of 10.7% with an ex-dividend date of Feb. 9. Buying before that date will earn you the next monthly dividend.
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