Gabelli Multimedia Trust Inc. (GGT) to Distribute Monthly Dividend of $0.08 on March 24th

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, November 11th. Shareholders of record on Wednesday, March 17th will be given a dividend of $0.08 per share by the financial services provider on Wednesday, March 24th. This represents a $0.96 annualized dividend and a yield of 26.2%. The ex-dividend date of this dividend is Wednesday, March 17th. 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 $3.66 on Friday. Gabelli Multimedia Trust has a twelve month low of $3.11 and a twelve month high of $4.37. The company’s 50 day moving average is $3.80 and its two-hundred day moving average is $4.06.

About Gabelli Multimedia Trust

Gabelli Multimedia Trust Inc. is a closed-end investment company that seeks a high level of total return, primarily through capital appreciation and current income. Rather than operating a media business, the trust invests in securities of companies involved in the multimedia industry. Its investment focus spans areas such as broadcasting, cable, telecommunications, publishing and entertainment. The trust was established in 1994 and is managed by Gabelli Funds, LLC, an investment adviser affiliated with GAMCO Investors.