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Ex-Div Reminder for Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock


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On 6/15/17, Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock (Symbol: GGT.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/26/17. As a percentage of GGT.PRB's recent share price of $26.97, this dividend works out to approximately 1.39%, so look for shares of GGT.PRB to trade 1.39% lower - all else being equal - when GGT.PRB shares open for trading on 6/15/17. On an annualized basis, the current yield is approximately 5.57%, which compares to an average yield of 4.95% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GGT.PRB shares, versus GGT:

Performance Comparison Chart

Below is a dividend history chart for GGT.PRB, showing historical dividends prior to the most recent $0.375 on Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock:

GGT.PRB+Dividend+History+Chart

In Tuesday trading, Gabelli Multimedia Trust's 6.00% Series B Cumulative Preferred Stock (Symbol: GGT.PRB) is currently trading flat on the day, while the common shares (Symbol: GGT) are off about 0.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing
Referenced Symbols: GGT.PRB , GGT



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