Gabelli Global Gold Income trust fund. @ $ 4.60 pays 13% dividend distributed every month.

I own it. And have it on dividend re-investment plan as this fund pays dividend every month. So dividend gets compounded every month. That is huge.

At 13% annual dividend asset earns 100% in 5. years based on rule of 72. What will be interest earned with compound dividend every month??

Do we have an accountant here who can calculate the effective Rate of Return on investment and let us know what that is???

If gold sector is in bull market this fund should provide good dividend in coming years not to mention capital appreciation.

This was covered in past in December 2018 here:

GGN Gabelli Gold closed end ETF