GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) to Issue $0.03 Monthly Dividend

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) declared a monthly dividend on Thursday, May 16th, NASDAQ reports. Shareholders of record on Wednesday, July 17th will be given a dividend of 0.03 per share by the investment management company on Wednesday, July 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend is Wednesday, July 17th.

GAMCO Natural Resources, Gold & Income Trust Price Performance

NYSE GNT opened at $5.68 on Tuesday. The company has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.23. GAMCO Natural Resources, Gold & Income Trust has a 12-month low of $4.59 and a 12-month high of $5.69.

Insiders Place Their Bets

In other GAMCO Natural Resources, Gold & Income Trust news, major shareholder Saba Capital Management, L.P. bought 17,344 shares of GAMCO Natural Resources, Gold & Income Trust stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $5.44 per share, with a total value of $94,351.36. Following the completion of the acquisition, the insider now directly owns 1,821,769 shares in the company, valued at approximately $9,910,423.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 83,484 shares of company stock valued at $455,895.

About GAMCO Natural Resources, Gold & Income Trust

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.