Dec. 4 at 3:21 PM
$HGLB , a few comments and update:
1. For those following NAV and price premium or discount, you can get both at cefconnect.com
2. As long as NAV remains at
$12.42 or higher, the dividend for 2026 should remain the same or increase
3. HGLB will set the 2026 after the close of the last business day in December. Their method is to average the NAV for the last 4 days of trading x .085.
Thus, at the current NAV of 12.88, and assuming that as the average, the 2026 divi would be .0912/month or 1.0948 annually.
4. HGLB historically sells at a discount to NAV, meaning less than the NAV. The current discount is 24%, but is typically a bit further discounted.
This is the information I use. The other metric I check is how well the dividend is covered by actual earnings vice a return of capital. For 2024, latest posted I can find, the divi was 100% covered by earnings.
