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.
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