Gabelli Multimedia Trust Inc. (GGT) to Issue Monthly Dividend of $0.07 on September 23rd

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, May 14th, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.07 per share by the financial services provider on Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 19.4%. The ex-dividend date is Tuesday, September 16th.

Gabelli Multimedia Trust Price Performance

Shares of NYSE GGT opened at $4.32 on Friday. Gabelli Multimedia Trust has a 52 week low of $3.75 and a 52 week high of $5.13. The company’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.33.

About 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.