Gabelli Multimedia Trust Inc (NYSE:GGT) announced a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.22 per share by the financial services provider on Friday, June 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend is Thursday, June 13th.
Gabelli Multimedia Trust has decreased its dividend payment by an average of 1.4% annually over the last three years.
Shares of GGT stock traded down $0.07 during mid-day trading on Friday, reaching $8.20. 1,871 shares of the stock traded hands, compared to its average volume of 43,907. Gabelli Multimedia Trust has a 1-year low of $6.90 and a 1-year high of $9.78.
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Gabelli Multimedia Trust Company Profile
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.
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