In trading on Tuesday, shares of Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock (GGT.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $24.93 on the day. This compares to an average yield of 3.52% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GGT.PRB was trading at a 0.40% premium to its liquidation preference amount, versus the average discount of 1.13% in the "ETFs & CEFs" category.
Gabelli Multimedia Trust's Series B Preferred Stock Yield Pushes Past 6%
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