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

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, November 12th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 23.4%. The ex-dividend date is Tuesday, March 17th. This is a 14.3% increase from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.

Gabelli Multimedia Trust Trading Down 1.7%

Shares of GGT stock opened at $4.11 on Friday. The company has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $4.16. Gabelli Multimedia Trust has a one year low of $3.75 and a one 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.