GGT logo

Gabelli Multimedia Trust (GGT) Stock

Profile

Country:

United States

IPO:

11 October 1994

Indexes:

Not included

Description:

Gabelli Multimedia Trust (GGT) is an investment fund that focuses on multimedia and communication companies. It aims to provide investors with long-term capital growth by investing in a diverse range of media-related businesses, including television, radio, and digital platforms.

Key Details

Price

$5.03

TTM Dividend Yield

21.67%(+49.35% YoY)

Annual Revenue

$24.01 M(+126.41% YoY)

Beta

0.37

Events Calendar

Earnings

Next earnings date:

N/A

Recent quarterly earnings:

N/A

Recent annual earnings:

N/A
Dividend

Next ex-dividend date:

Dec 13, 2024

Recent ex-dividend date:

Sept 16, 2024
Splits

Next split:

N/A

Recent split:

June 28, 2024

Analyst ratings

Recent major analysts updates

No data about analysts updates

Market Data

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Dividend

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Profitability

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Efficiency

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Valuation

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Liquidity

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Cash Flow

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Institutional Ownership

Similar stocks

SIT Investment Associates Inc's Strategic Acquisition in Gabelli Multimedia Trust Inc
SIT Investment Associates Inc's Strategic Acquisition in Gabelli Multimedia Trust Inc
SIT Investment Associates Inc's Strategic Acquisition in Gabelli Multimedia Trust Inc
GGT
gurufocus.com03 October 2024

On July 26, 2024, SIT Investment Associates Inc made a significant addition to its portfolio by acquiring 1,982,368 shares of Gabelli Multimedia Trust Inc (GGT, Financial). This transaction, executed at a price of $4.94 per share, marks a notable expansion in the firm's investment in the asset management sector.

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
GGT
globenewswire.com23 August 2024

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 $0.22 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024.

A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later
A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later
A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later
GGT
seekingalpha.com25 June 2024

Those who follow my articles probably know how bullish I have been on the Neuberger Berman Next Generation Connectivity Fund Inc over the past year. On the other hand, I've written several articles over the years telling you to sell The Gabelli Multimedia Trust Inc. due to its unwieldy NAV yield that continues to decimate GGT's NAV. Because if you can't reasonably be expected to cover your NAV yield, then you will see continuous NAV erosion resulting in a distribution cut, or in GGT's case, another rights offering.

Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
GGT
globenewswire.com18 June 2024

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's record date common shareholders to acquire additional shares of common stock (the “Offering”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities.

Equity CEFs: Peak Insanity, Version 2023
Equity CEFs: Peak Insanity, Version 2023
Equity CEFs: Peak Insanity, Version 2023
GGT
Seeking Alpha30 August 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 reducing or liquidating their exposure. The presence of ultra high premium valued funds suggests the presence of "dumb money" in CEFs and potentially in the broader markets.

Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG
Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG
Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG
GGT
Seeking Alpha26 June 2023

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 technology this year. GGT's NAV started the year at $3.89 and it closed Friday at $3.83. That's what happens when you have a 23.0% NAV yield that has very little chance of being covered by the fund's holdings and the end result is continued NAV erosion.

GGT:  Telecom And Media Equity CEF, 15% Dividend Yield
GGT:  Telecom And Media Equity CEF, 15% Dividend Yield
GGT:  Telecom And Media Equity CEF, 15% Dividend Yield
GGT
Seeking Alpha08 May 2023

The Gabelli Multimedia Trust is an equity closed end fund. The CEF takes leveraged positions in Telecom and Media equities.

FAQ

  • What is the primary business of Gabelli Multimedia Trust?
  • What is the ticker symbol for Gabelli Multimedia Trust?
  • Does Gabelli Multimedia Trust pay dividends?
  • What sector is Gabelli Multimedia Trust in?
  • What industry is Gabelli Multimedia Trust in?
  • What country is Gabelli Multimedia Trust based in?
  • When did Gabelli Multimedia Trust go public?
  • Is Gabelli Multimedia Trust in the S&P 500?
  • Is Gabelli Multimedia Trust in the NASDAQ 100?
  • Is Gabelli Multimedia Trust in the Dow Jones?
  • When does Gabelli Multimedia Trust report earnings?

What is the primary business of Gabelli Multimedia Trust?

Gabelli Multimedia Trust (GGT) is an investment fund that focuses on multimedia and communication companies. It aims to provide investors with long-term capital growth by investing in a diverse range of media-related businesses, including television, radio, and digital platforms.

What is the ticker symbol for Gabelli Multimedia Trust?

The ticker symbol for Gabelli Multimedia Trust is NYSE:GGT

Does Gabelli Multimedia Trust pay dividends?

Yes, Gabelli Multimedia Trust pays dividends. The last payment was $0.44, with an ex-dividend date on 16 September 2024

What sector is Gabelli Multimedia Trust in?

Gabelli Multimedia Trust is in the Financial Services sector

What industry is Gabelli Multimedia Trust in?

Gabelli Multimedia Trust is in the Asset Management industry

What country is Gabelli Multimedia Trust based in?

Gabelli Multimedia Trust is headquartered in United States

When did Gabelli Multimedia Trust go public?

Gabelli Multimedia Trust's initial public offering (IPO) was on 11 October 1994

Is Gabelli Multimedia Trust in the S&P 500?

No, Gabelli Multimedia Trust is not included in the S&P 500 index

Is Gabelli Multimedia Trust in the NASDAQ 100?

No, Gabelli Multimedia Trust is not included in the NASDAQ 100 index

Is Gabelli Multimedia Trust in the Dow Jones?

No, Gabelli Multimedia Trust is not included in the Dow Jones index

When does Gabelli Multimedia Trust report earnings?

The date for Gabelli Multimedia Trust's next earnings report has not been announced yet