GAMCO Global Gold Natural's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
GAMCO Global Gold Natural (GGN) has announced a monthly dividend of 3 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 3 cents lower to reflect the payout. Shareholders who own GGN as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 24, 2023.
October 11, 2023 | 2:45 pm
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GAMCO Global Gold Natural (GGN) has announced a monthly dividend of 3 cents per share. The ex-dividend date is Monday, which will likely cause the stock to open lower. The dividend will be paid out on October 24, 2023.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. In this case, GGN's stock price is expected to drop by 3 cents on the ex-dividend date.
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