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| GAMCO Global Gold, Natural Resources & Income Trust's Series B Preferred Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, May 24, 2:07 PM ET
In trading on Wednesday, shares of GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (AMEX:GGN.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $22.59 on the day. This compares to an average yield of 5.62% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GGN.PRB was trading at a 8.84% discount to its liquidation preference amount, versus the average discount of 9.61% in the "ETFs & CEFs" category. The chart below shows the one year performance of GGN.PRB shares, versus GGN:
Below is a dividend history chart for GGN.PRB, showing historical dividend payments on GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares:
Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, GAMCO Global Gold, Natural Resources & Income Trust's 5.00% Series B Cumulative Preferred Shares (AMEX:GGN.PRB) is currently off about 0.8% on the day, while the common shares (AMEX:GGN) are up about 0.1%.
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