Gabelli Multimedia Trust Inc. (NYSE:GGT – Get Free Report) declared a monthly dividend on Wednesday, November 11th. Investors of record on Wednesday, March 17th will be given a dividend of $0.08 per share by the financial services provider on Wednesday, March 24th. This represents a $0.96 annualized dividend and a yield of 25.6%. The ex-dividend date is Wednesday, March 17th. This is a 14.3% increase from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.
Gabelli Multimedia Trust Stock Performance
GGT stock opened at $3.75 on Thursday. The company has a 50 day moving average price of $3.81 and a 200 day moving average price of $4.06. Gabelli Multimedia Trust has a fifty-two week low of $3.11 and a fifty-two week high of $4.37.
About Gabelli Multimedia Trust
Gabelli Multimedia Trust (NYSE:GGT) is a diversified closed-end management investment company. The fund seeks long-term growth of capital and current income by investing primarily in companies involved in the multimedia, communications and entertainment industries. Its portfolio may include businesses engaged in broadcasting, cable and satellite services, telecommunications, publishing, entertainment, digital media and related technologies. The trust invests in publicly traded securities and may consider opportunities in both U.S. and international markets.
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