Gabelli Multimedia Trust Inc. (GGT) to Issue Monthly Dividend of $0.08 on June 23rd

Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Wednesday, February 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 23.0%. The ex-dividend date of this dividend is Monday, June 15th. This is a 14.3% increase from Gabelli Multimedia Trust’s previous monthly dividend of $0.07.

Gabelli Multimedia Trust Price Performance

NYSE GGT opened at $4.18 on Friday. The stock’s fifty day moving average is $4.19 and its two-hundred day moving average is $4.17. Gabelli Multimedia Trust has a fifty-two week low of $3.75 and a fifty-two week high of $4.94.

About Gabelli Multimedia Trust

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.