The Gabelli Multimedia Trust Inc. Declares Quarterly Dividend of $0.22 (NYSE:GGT)

The Gabelli Multimedia Trust Inc. (NYSE:GGT) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.22 per share by the financial services provider on Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 18.49%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Multimedia Trust Stock Performance

GGT stock traded down $0.02 during midday trading on Friday, hitting $4.76. The company had a trading volume of 44,984 shares, compared to its average volume of 76,568. The stock’s 50 day moving average price is $4.82 and its 200 day moving average price is $5.15. The Gabelli Multimedia Trust has a 52 week low of $4.56 and a 52 week high of $6.25.

The Gabelli Multimedia Trust Company Profile

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.