The Gabelli Multimedia Trust Inc. (NYSE:GGT) Declares Monthly Dividend of $0.07

The Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.07 per share by the financial services provider on Tuesday, September 23rd. This represents a $0.84 annualized dividend and a yield of 20.10%. The ex-dividend date is Tuesday, September 16th.

The Gabelli Multimedia Trust Trading Down 0.2%

Shares of GGT opened at $4.18 on Friday. The Gabelli Multimedia Trust has a 12 month low of $4.00 and a 12 month high of $5.98. The stock has a fifty day moving average price of $4.50 and a 200-day moving average price of $4.69.

About The Gabelli Multimedia Trust

The Gabelli Multimedia Trust Inc is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries.