Gabelli Multimedia Trust Inc. (NYSE:GGT) Declares $0.07 Monthly Dividend

Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Wednesday, May 13th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.07 per share by the financial services provider on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 19.6%. The ex-dividend date of this dividend is Monday, August 17th.

Gabelli Multimedia Trust Stock Performance

NYSE:GGT opened at $4.30 on Thursday. The stock’s 50 day moving average price is $4.11 and its two-hundred day moving average price is $4.12. Gabelli Multimedia Trust has a 12-month low of $3.75 and a 12-month high of $4.40.

Gabelli Multimedia Trust Company Profile

Gabelli Multimedia Trust Inc (NYSE: GGT) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the common stocks of companies engaged in the multimedia and communications sectors. The trust’s portfolio is concentrated in industries such as cable and satellite television, wireless and wireline telecommunications, radio and broadcasting, print and digital publishing, and internet services. Through selective security selection, Gabelli Multimedia Trust aims to capture growth opportunities driven by evolving content delivery platforms and technological innovation.

Since its initial public offering in December 1987, the trust has been managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc, under the direction of veteran investors led by Mario J.