The Gabelli Multimedia Trust Inc. (NYSE:GGT) Declares $0.22 Quarterly Dividend

The Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.22 per share by the financial services provider on Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 18.49%. The ex-dividend date is Friday, December 13th.

The Gabelli Multimedia Trust Stock Performance

Shares of NYSE GGT traded down $0.02 during mid-day trading on Friday, reaching $4.76. 44,985 shares of the company were exchanged, compared to its average volume of 76,570. The company’s 50-day simple moving average is $4.82 and its 200-day simple moving average is $5.15. The Gabelli Multimedia Trust has a twelve month low of $4.56 and a twelve month high of $6.25.

The 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.