Gabelli Multimedia Trust Inc. (NYSE:GGT – Get Free Report) declared a monthly dividend on Wednesday, November 11th. Stockholders of record on Thursday, February 11th will be paid a dividend of $0.07 per share by the financial services provider on Friday, February 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 23.0%. The ex-dividend date of this dividend is Thursday, February 11th.
Gabelli Multimedia Trust Trading Down 2.1%
Shares of NYSE:GGT opened at $3.66 on Friday. Gabelli Multimedia Trust has a 52 week low of $3.11 and a 52 week high of $4.37. The firm’s fifty day moving average is $3.80 and its 200-day moving average is $4.06.
About Gabelli Multimedia Trust
Gabelli Multimedia Trust Inc. is a closed-end investment company that seeks a high level of total return, primarily through capital appreciation and current income. Rather than operating a media business, the trust invests in securities of companies involved in the multimedia industry. Its investment focus spans areas such as broadcasting, cable, telecommunications, publishing and entertainment. The trust was established in 1994 and is managed by Gabelli Funds, LLC, an investment adviser affiliated with GAMCO Investors.
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