Gabelli Multimedia Trust Inc. (NYSE:GGT) Plans $0.07 Dividend

Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) announced a dividend on Wednesday, July 16th, investing.com reports. Stockholders of record on Friday, July 18th will be given a dividend of 0.07 per share by the financial services provider on Thursday, July 24th. This represents a dividend yield of 19.49%. The ex-dividend date of this dividend is Thursday, July 17th.

Gabelli Multimedia Trust Stock Up 1.0%

Shares of GGT stock traded up $0.04 during mid-day trading on Friday, hitting $4.25. The stock had a trading volume of 175,656 shares, compared to its average volume of 121,328. Gabelli Multimedia Trust has a fifty-two week low of $3.75 and a fifty-two week high of $5.15. The company's 50-day simple moving average is $4.13 and its 200-day simple moving average is $4.47.

Insider Activity at Gabelli Multimedia Trust

In related news, insider Mario J. Gabelli acquired 40,000 shares of Gabelli Multimedia Trust stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $4.34 per share, for a total transaction of $173,600.00. Following the completion of the purchase, the insider directly owned 1,020,502 shares of the company's stock, valued at approximately $4,428,978.68. This trade represents a 4.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.59% of the stock is owned by company insiders.

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.