During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Source: https://www.benzinga.com/trading-ideas/dividends/26/01/49749…
The Gabelli Multimedia Trust Inc. (GGT) preferreds (GGT.PR.E, GGT.PR.G) offer over 6% current yield and trade below par. Both preferreds carry an A3 Moody’s rating, low leverage (32%), and strong asset coverage under the 1940 Act.
Donald Trump signed an executive order on Dec. 18 to fast-track the Food and Drug Administration’s review to reclassify cannabis as a Schedule III substance under the Controlled Substances Act. Pot stocks Trulieve Cannabis, Curaleaf, Cresco Labs, Green Thumb Industries, and Canopy Growth plummeted by up to 39% due to the scope of Trump’s intentions.
Gold futures in New York were on track to break the previous settlement record of $4,359.40 reached on Oct. 20.
