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0.000134372480516059 0.000268744961031927 -0.000268744961031927 -0.00047030368180592 -0.00174684224670781 -0.000638269282450946 -0.000604676162321979 -0.000604676162321979
Stock impact report

GGN's 6.5% Yield Hides a Costly Secret for Income Investors [Yahoo! Finance]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Yahoo! Finance
GGN cut its monthly payout 79% from $0.14 to $0.03, proving the distribution is vulnerable when commodity prices fall. The fund's covered call strategy and commodity exposure make it a gold and natural resources bet with an income overlay, not traditional dividend income. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE 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. That yield attracts income investors drawn to gold and natural resources, but the mechanics behind the payout raise questions worth understanding before treating this as reliable income. How GGN Generates Its Distributions GGN is a non-diversified, closed-end management investment company that pursues high level of current income as its primary objective, with capital appreciation as secondary. It invests primarily in gold and natural resources equit Show less Read more
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