Gabelli Multimedia Trust Inc. (GGT) to Distribute Monthly Dividend of $0.07 on January 22nd

Gabelli Multimedia Trust Inc. (NYSE:GGT) 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 23.0%. The ex-dividend date 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

Shares of NYSE:GGT opened at $3.66 on Friday. The company’s fifty day moving average is $3.80 and its two-hundred day moving average is $4.06. Gabelli Multimedia Trust has a 12-month low of $3.11 and a 12-month high of $4.37.

About Gabelli Multimedia Trust

Gabelli Multimedia Trust Inc. is a closed-end investment company that seeks a high level of total return, primarily through capital appreciation and current income. Rather than operating a media business, the trust invests in securities of companies involved in the multimedia industry. Its investment focus spans areas such as broadcasting, cable, telecommunications, publishing and entertainment. The trust was established in 1994 and is managed by Gabelli Funds, LLC, an investment adviser affiliated with GAMCO Investors.