On 9/17/13, Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock (GGT.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 9/26/13. As a percentage of GGT.PRB's recent share price of $25.00, this dividend works out to approximately 1.50%, so look for shares of GGT.PRB to trade 1.50% lower — all else being equal — when GGT.PRB shares open for trading on 9/17/13. On an annualized basis, the current yield is approximately 6.01%, which compares to an average yield of 3.46% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock
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