Catch The Bottom With GGN: A Secure Yield Of Over 7% From Its Preferred Stock
GAMCO Global Gold Natural Resources & Income Trust offers a compelling yield and trades at a significant discount to NAV. GGN.PR.B preferred shares, rated A2 by Moody's, yield over 7% and are protected by a robust asset coverage ratio of 1164%. Interest rate risk is the primary concern; credit risk is minimal due to low leverage (~8%) and 1940 Act protections.
This 6.7% Payer Is Soaring. Here's Why It's A Sell
Today we're going to look at a closed-end fund (CEF) that seemingly offers everything:
GGN's 6.6% Yield Comes With a Hidden Cost Investors Often Miss
GAMCO Global Gold, Natural Resources & Income Trust (NYSE:GGN) pays $0.03 per share monthly, which annualizes to $0.36 per share, yielding roughly 6.6% at current prices.
GGN's 6.5% Yield Hides a Costly Secret for Income Investors
GAMCO Global Gold, Natural Resources & Income Trust (NYSE:GGN) pays a monthly distribution and currently yields around 6.5% annualized at its recent share price of $5.51.
