The Gabelli Multimedia Trust Inc. (GGT)
| Market Value | 136.80M |
| Revenue (ttm) | 3.70M |
| Net Income (ttm) | 2.75M |
| Shares Out | 28.26M |
| EPS (ttm) | 0.10 |
| PE Ratio | 49.68 |
| Forward PE | n/a |
| Dividend | $0.88 (18.18%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 258,532 |
| Open | 4.740 |
| Previous Close | 4.660 |
| Day's Range | 4.660 - 4.920 |
| 52-Week Range | 4.560 - 6.250 |
| Beta | 1.26 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About GGT
The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries. The fund also invests in companies participating in emerging technological advances in interactive services and products. It invests in stocks of companie... [Read more]
News
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0....
Revisited: You're Still Far Better Off In CLM Than GGT
As many of you know, I like to write what I call "comparative valuation" articles between equity CEFs when certain price levels and performances make it pretty clear which fund will outperform. One ye...
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0....
Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024
RYE, N.Y., July 15, 2024 (GLOBE NEWSWIRE) -- The Gabelli Multimedia Trust's (NYSE: GGT) (the “Fund”) transferrable rights offering to acquire additional shares of common stock expires at 5:00 PM Easte...
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
RYE, N.Y., June 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE: GGT) (the “Fund”) has approved a transferable rights offering which would allow the Fund...
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.2...
Gabelli Multimedia Trust Appoints Susan Watson Laughlin to the Board of Trustees
RYE, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (the “Board”) (NYSE: GGT) (the “Fund”) announced the appointment of Susan Watson Laughlin to t...
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0....
Equity CEFs: Blatant Disregard Of Reality In GGT
Last month, the board of directors of the Gabelli Multimedia fund (GGT) once again ignored the obvious and kept GGT's quarterly distribution at $0.22/share. Shareholders have celebrated that by biddin...
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed And Declared Fourth Quarter Distribution Of $0.22 Per Share
RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0....
Equity CEFs: You're Still Going To Be Far Better Off In CLM Than GGT
It's been a rough year for CEFs. Between skyrocketing interest rates and liquidity tapering by the Fed, many CEF valuations have plunged to near bear market lows. But have CEF investors completely los...
Equity CEFs: Peak Insanity, Version 2023
In 2018, we warned about premium valuations in equity CEFs before a correction and bear market occurred. We believe that the current wide discounts in many CEFs are due to institutional shareholders r...
Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG
The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV during one of the great bull markets in technolog...
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 per Share
RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.2...
GGT: Telecom And Media Equity CEF, 15% Dividend Yield
The Gabelli Multimedia Trust is an equity closed end fund. The CEF takes leveraged positions in Telecom and Media equities.
Closed-End Fund: April 2023 Check On Valuation
Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experience...
The Month In Closed-End Funds: January 2023
For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three.
Equity CEFs: Got High NAV Yield? Time To Really Swap GGT For CLM Or CRF
Don't believe for one second that any fund that doesn't cut its distribution, particularly with an astronomical 23.5% NAV yield, deserves a high premium. Because despite having the worst NAV performan...
