On 6/17/14, 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 6/26/14. As a percentage of GGT.PRB's recent share price of $25.64, this dividend works out to approximately 1.46%, so look for shares of GGT.PRB to trade 1.46% lower — all else being equal — when GGT.PRB shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 5.85%, which compares to an average yield of 4.48% 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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.