Gabelli Multimedia Trust Inc. (GGT) To Go Ex-Dividend on July 17th

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, May 13th. Investors of record on Friday, July 17th will be paid a dividend of 0.07 per share by the financial services provider on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date of this dividend is Friday, July 17th.

Gabelli Multimedia Trust Trading Down 2.0%

Shares of Gabelli Multimedia Trust stock opened at $4.21 on Friday. The company has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $4.12. Gabelli Multimedia Trust has a 12-month low of $3.75 and a 12-month high of $4.39.

About Gabelli Multimedia Trust

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.