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Gabelli Multimedia Trust's Series G Preferred Shares Cross 5.5% Yield Mark
Monday, December 18, 2:17 PM ET, by Market News Video Staff
In trading on Monday, shares of Gabelli Multimedia Trust's 5.125% Series G Cumulative Preferred Shares ...

Gabelli Multimedia Trust's Series E Preferred Shares Crosses Above 5.5% Yield Territory

By Preferred Stock Channel Staff, Tuesday, March 14, 2:09 PM ET
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In trading on Tuesday, shares of Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares (NYSE:GGT.PRE) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.2813), with shares changing hands as low as $23.23 on the day. This compares to an average yield of 5.93% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GGT.PRE was trading at a 5.40% discount to its liquidation preference amount, versus the average discount of 10.79% in the "ETFs & CEFs" category.

The chart below shows the one year performance of GGT.PRE shares, versus GGT:

Performance Comparison Chart

Below is a dividend history chart for GGT.PRE, showing historical dividend payments on Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares:

Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Gabelli Multimedia Trust's 5.125% Series E Cumulative Preferred Shares (NYSE:GGT.PRE) is currently off about 1.8% on the day, while the common shares (NYSE:GGT) are up about 3.1%.

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