Gabelli Multimedia Trust Inc. (NYSE:GGT – Get Free Report) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Thursday, January 14th will be given a dividend of $0.07 per share by the financial services provider on Friday, January 22nd. This represents a $0.84 annualized dividend and a yield of 22.4%. The ex-dividend date of this dividend is Thursday, January 14th. This is a 12.5% decrease from Gabelli Multimedia Trust’s previous monthly dividend of $0.08.
Gabelli Multimedia Trust Price Performance
NYSE:GGT opened at $3.75 on Thursday. Gabelli Multimedia Trust has a 1-year low of $3.11 and a 1-year high of $4.37. The business’s 50-day moving average price is $3.81 and its two-hundred day moving average price is $4.06.
About Gabelli Multimedia Trust
Gabelli Multimedia Trust (NYSE:GGT) is a diversified closed-end management investment company. The fund seeks long-term growth of capital and current income by investing primarily in companies involved in the multimedia, communications and entertainment industries. Its portfolio may include businesses engaged in broadcasting, cable and satellite services, telecommunications, publishing, entertainment, digital media and related technologies. The trust invests in publicly traded securities and may consider opportunities in both U.S. and international markets.
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