Gabelli Multimedia Trust Inc (GGT) To Go Ex-Dividend on December 7th

Gabelli Multimedia Trust Inc (NYSE:GGT) announced a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, December 8th will be given a dividend of 0.22 per share by the financial services provider on Friday, December 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.95%. The ex-dividend date of this dividend is Thursday, December 7th.

Gabelli Multimedia Trust has decreased its dividend payment by an average of 3.4% annually over the last three years.

Shares of Gabelli Multimedia Trust (GGT) opened at $8.84 on Friday. Gabelli Multimedia Trust has a 52 week low of $7.18 and a 52 week high of $9.86.

In other Gabelli Multimedia Trust news, Director Christopher J. Marangi purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $25.00 per share, with a total value of $50,000.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $50,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.71% of the stock is currently owned by company insiders.

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Gabelli Multimedia Trust Company Profile

The Gabelli Multimedia Trust Inc (the Fund) is a United States-based non-diversified closed-end management investment company. The Fund’s investment objective is long term growth of capital. The Fund will invest at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing and entertainment industries.

Dividend History for Gabelli Multimedia Trust (NYSE:GGT)

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