Gabelli Multimedia Trust Inc. (GGT) To Go Ex-Dividend on October 16th

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 16th will be paid a dividend of $0.07 per share by the financial services provider on Friday, October 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 21.1%. The ex-dividend date is Friday, October 16th. This is a 12.5% decrease from Gabelli Multimedia Trust’s previous monthly dividend of $0.08.

Gabelli Multimedia Trust Stock Up 3.5%

Shares of NYSE GGT opened at $3.98 on Wednesday. Gabelli Multimedia Trust has a 1 year low of $3.76 and a 1 year high of $4.37. The stock’s 50-day simple moving average is $4.06 and its 200-day simple moving average is $4.12.

About Gabelli Multimedia Trust

Gabelli Multimedia Trust (NYSE: GGT) is a closed-end investment company focused on long-term growth of capital. Rather than operating a media or telecommunications business directly, the trust invests in publicly traded companies involved in the multimedia industry.

Its investment universe may include businesses engaged in communications, broadcasting, cable and satellite services, publishing, entertainment, digital media, and related technologies. The trust seeks to benefit from developments in the creation, distribution, and consumption of information and entertainment across multiple platforms and geographic markets.

Gabelli Multimedia Trust is advised by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc The fund is associated with investor and portfolio manager Mario J.