Gabelli Multimedia Trust Inc. (NYSE:GGT) Plans Monthly Dividend of $0.08

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, May 13th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 22.3%. The ex-dividend date is Wednesday, September 16th. This is a 14.3% increase from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.

Gabelli Multimedia Trust Stock Down 0.8%

NYSE GGT opened at $4.30 on Thursday. The company has a fifty day moving average of $4.11 and a two-hundred day moving average of $4.12. Gabelli Multimedia Trust has a 52 week low of $3.75 and a 52 week 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.