Gabelli Multimedia Trust Inc. (NYSE:GGT) Raises Dividend to $0.08 Per Share

Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Wednesday, November 12th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.08 per share by the financial services provider on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 14.3% increase from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.

Gabelli Multimedia Trust Stock Down 3.0%

Shares of NYSE:GGT traded down $0.13 during trading on Thursday, hitting $4.06. The stock had a trading volume of 163,556 shares, compared to its average volume of 155,694. The firm’s fifty day moving average is $4.16 and its 200 day moving average is $4.18. Gabelli Multimedia Trust has a 12 month low of $3.75 and a 12 month high of $5.13.

About 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.