Shares & Derivatives
One Stock that Pays Monthly Dividends
By Financial Freedom  •  July 7, 2012
Have been holding on to this stock that pays monthly dividends for a few months now.  The stock is Gamco Global Gold & Natural Resources Trust (GGN).  It pays a dividend of US$0.14 every month and is currently trading at US$13.69.  After accounting for withholding tax rate of 30% (since I am not a US citizen), the dividends is slightly less.  There are of course exchange rate fluctuations to account for too. I just bought another 200 shares recently bringing my total holdings to 500 shares. GGN is a close ended fund (CEF).  The fund's objective is as follows: The GAMCO Global Gold, Natural Resources & Income Trust by Gabelli is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. The Fund's secondary investment objective is to seek capital appreciation consistent with the Fund's strategy and its primary objective.
Under normal ...
...
Read the full article
By Financial Freedom
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance