Gabelli Multimedia Trust Inc. (NYSE:GGT) to Issue Monthly Dividend of $0.07

Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Wednesday, February 11th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.07 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend and a yield of 19.6%. The ex-dividend date of this dividend is Thursday, May 14th.

Gabelli Multimedia Trust Price Performance

Shares of GGT opened at $4.30 on Thursday. The company’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.17. Gabelli Multimedia Trust has a 1 year low of $3.75 and a 1 year high of $4.94.

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.