GAMCO Global Gold, Natural Resources & Income Trust
NYSEAM:GGN Stock Report
Market Cap: US$615.6m
GAMCO Global Gold Natural Resources & Income Trust Dividend
Dividend criteria checks 3/6
GAMCO Global Gold Natural Resources & Income Trust is a dividend paying company with a current yield of 8.87% that is well covered by earnings. Next payment date is on 23rd May, 2024 with an ex-dividend date of 15th May, 2024.
Key information
8.9%
Dividend yield
79%
Payout ratio
Industry average yield
2.4%
Next dividend pay date
23 May 24
Ex dividend date
15 May 24
Dividend per share
n/a
Earnings per share
US$0.46
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GGN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GGN's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
GAMCO Global Gold Natural Resources & Income Trust Dividend Yield vs Market
How does GGN dividend yield compare to the market?
Segment
Dividend Yield
Company (GGN)
8.9%
Market Bottom 25% (US)
1.6%
Market Top 25% (US)
4.8%
Industry Average (Capital Markets)
2.4%
Analyst forecast in 3 Years (GGN)
n/a
Notable Dividend: GGN's dividend (8.87%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: GGN's dividend (8.87%) is in the top 25% of dividend payers in the US market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78.7%), GGN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate GGN's cash payout ratio to determine if its dividend payments are covered by cash flows.