The Gabelli Multimedia Trust Inc. (NYSE:GGT - Get Free Report) declared a monthly dividend on Monday, May 19th, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.07 per share by the financial services provider on Tuesday, September 23rd. This represents a $0.84 annualized dividend and a yield of 20.41%. The ex-dividend date is Tuesday, September 16th.
The Gabelli Multimedia Trust Stock Performance
NYSE:GGT traded up $0.03 during trading hours on Friday, hitting $4.12. The company's stock had a trading volume of 165,118 shares, compared to its average volume of 111,658. The stock has a fifty day moving average of $4.43 and a 200-day moving average of $4.67. The Gabelli Multimedia Trust has a 52-week low of $4.00 and a 52-week high of $5.98.
Insider Activity at The Gabelli Multimedia Trust
In other The Gabelli Multimedia Trust news, insider Mario J. Gabelli bought 40,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $4.34 per share, with a total value of $173,600.00. Following the completion of the acquisition, the insider now directly owns 1,020,502 shares of the company's stock, valued at $4,428,978.68. This represents a 4.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.59% of the stock is currently owned by corporate insiders.
About The Gabelli Multimedia Trust
(
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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.
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