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

Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 16th will be given a dividend of 0.07 per share by the financial services provider on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date is Friday, October 16th.

Gabelli Multimedia Trust Price Performance

Shares of NYSE GGT opened at $4.21 on Friday. Gabelli Multimedia Trust has a twelve month low of $3.87 and a twelve month high of $4.39. The firm has a 50-day moving average of $4.17 and a two-hundred day moving average of $4.15.

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.