Gabelli Multimedia Trust Inc (NYSE:GGT) to Issue Quarterly Dividend of $0.22

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.

In other Gabelli Multimedia Trust news, insider Mario J. Gabelli sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $9.10, for a total value of $91,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 15.71% of the company’s stock.

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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.

Dividend History for Gabelli Multimedia Trust (NYSE:GGT)

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