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Gabelli Multimedia Trust Inc. (NYSE:GGT) Increases Dividend to $0.08 Per Share
Gabelli Multimedia Trust Inc. (NYSE:GGT) has announced a 14.3% increase in its monthly dividend, raising it from $0.07 to $0.08 per share. This new dividend will be paid on June 23rd to shareholders of record as of June 15th, representing an annualized dividend yield of 22.4%. The company’s stock trades within a 52-week range of $3.75 to $4.94 and focuses its investments on multimedia and communications sectors, aiming for long-term capital appreciation.