The Gabelli Multimedia Trust Inc. Declares Quarterly Dividend of $0.22 (NYSE:GGT)

The Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.22 per share by the financial services provider on Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 18.49%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Multimedia Trust Stock Down 0.4 %

Shares of NYSE GGT traded down $0.02 during mid-day trading on Friday, reaching $4.76. The company had a trading volume of 44,985 shares, compared to its average volume of 76,570. The business’s 50-day simple moving average is $4.82 and its 200 day simple moving average is $5.15. The Gabelli Multimedia Trust has a one year low of $4.56 and a one year high of $6.25.

About The Gabelli Multimedia Trust

The Gabelli Multimedia Trust Inc is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries.