Gabelli Multimedia Trust Inc. (NYSE:GGT) Shareholders to Collect $0.07 Monthly Dividend

Gabelli Multimedia Trust Inc. (NYSE:GGT) declared a monthly dividend on Wednesday, November 11th. Stockholders of record on Thursday, January 14th will be paid a dividend of $0.07 per share by the financial services provider on Friday, January 22nd. This represents a $0.84 annualized dividend and a dividend yield of 22.4%. The ex-dividend date of this dividend is Thursday, January 14th. This is a 12.5% decrease from Gabelli Multimedia Trust’s previous monthly dividend of $0.08.

Gabelli Multimedia Trust Trading Up 0.8%

Shares of NYSE:GGT opened at $3.75 on Thursday. The stock has a 50 day moving average of $3.81 and a 200 day moving average of $4.06. Gabelli Multimedia Trust has a 12-month low of $3.11 and a 12-month high of $4.37.

About Gabelli Multimedia Trust

Gabelli Multimedia Trust (NYSE:GGT) is a diversified closed-end management investment company. The fund seeks long-term growth of capital and current income by investing primarily in companies involved in the multimedia, communications and entertainment industries. Its portfolio may include businesses engaged in broadcasting, cable and satellite services, telecommunications, publishing, entertainment, digital media and related technologies. The trust invests in publicly traded securities and may consider opportunities in both U.S. and international markets.