Gabelli Multimedia Trust Inc (NYSE:GGT) announced a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.22 per share by the financial services provider on Thursday, March 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date is Wednesday, March 14th.
Gabelli Multimedia Trust has decreased its dividend by an average of 14.3% annually over the last three years.
Gabelli Multimedia Trust (GGT) opened at $9.68 on Wednesday. Gabelli Multimedia Trust has a 52 week low of $7.83 and a 52 week high of $10.09.
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About Gabelli Multimedia Trust
The Gabelli Multimedia Trust Inc (the Fund) is a United States-based non-diversified closed-end management investment company. The Fund’s investment objective is long term growth of capital. The Fund will invest at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing and entertainment industries.
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