Ex-Div Reminder for Gabelli Multimedia Trust (GGT)

Looking at the universe of stocks we cover at Dividend Channel, on 6/12/15, Gabelli Multimedia Trust (GGT) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 6/23/15. As a percentage of GGT's recent stock price of $9.47, this dividend works out to approximately 2.32%, so look for shares of Gabelli Multimedia Trust to trade 2.32% lower — all else being equal — when GGT shares open for trading on 6/12/15.

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Below is a dividend history chart for GGT, showing historical dividends prior to the most recent $0.22 declared by Gabelli Multimedia Trust:

GGT+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GGT is likely to continue, and whether the current estimated yield of 9.29% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GGT shares, versus its 200 day moving average:

Gabelli Multimedia Trust 200 Day Moving Average Chart

Looking at the chart above, GGT's low point in its 52 week range is $8.16 per share, with $10.81 as the 52 week high point — that compares with a last trade of $9.47.

According to Preferred Stock Channel, there is a series of preferred stock that is senior to GGT, which trades under the symbol GGT.PRB — more info ».

In Wednesday trading, Gabelli Multimedia Trust shares are currently up about 0.1% on the day.

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