GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Declares $0.04 Monthly Dividend

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) announced a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.04 per share by the investment management company on Tuesday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date is Tuesday, September 16th.

GAMCO Natural Resources, Gold & Income Trust has decreased its dividend by an average of 5.7% per year over the last three years.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

NYSE GNT opened at $6.03 on Tuesday. The firm’s fifty day moving average is $5.92 and its two-hundred day moving average is $5.79. GAMCO Natural Resources, Gold & Income Trust has a one year low of $5.02 and a one year high of $6.20.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 24,059 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $6.10, for a total transaction of $146,759.90. Following the completion of the sale, the insider now owns 1,745,825 shares in the company, valued at $10,649,532.50. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 80,987 shares of company stock valued at $485,382 over the last quarter.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

An institutional investor recently raised its position in GAMCO Natural Resources, Gold & Income Trust stock. NewEdge Advisors LLC increased its position in shares of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,164 shares of the investment management company’s stock after purchasing an additional 2,077 shares during the period. NewEdge Advisors LLC’s holdings in GAMCO Natural Resources, Gold & Income Trust were worth $379,000 as of its most recent SEC filing.

GAMCO Natural Resources, Gold & Income Trust Company Profile

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.