The trust raises its payout to $0.035, lifting the forward yield to 7.85% ahead of October and November distributions.
GAMCO Global Gold, Natural Resources & Income Trust (GGN) increased its monthly dividend by 16.7% to $0.035 per share. The move follows a prior payout of $0.030 and lifts the forward yield to 7.85%.
The dividend is payable on October 23 to shareholders of record as of October 16, with an ex-dividend date also set for October 16. A second payment is scheduled for November 20.
No immediate market reaction was disclosed in the announcement.