Gabelli Multimedia Trust (Gabelli Multimedia Trust) 5-Year Yield-on-Cost % : 16.60 (As of Apr. 25, 2024)

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What is Gabelli Multimedia Trust 5-Year Yield-on-Cost %?

Gabelli Multimedia Trust's yield on cost for the quarter that ended in Dec. 2023 was 16.60.

The historical rank and industry rank for Gabelli Multimedia Trust's 5-Year Yield-on-Cost % or its related term are showing as below:

GGT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.27 Med: 11.26 Max: 21.37
Current: 16.6

During the past 7 years, Gabelli Multimedia Trust's highest Yield on Cost was 21.37. The lowest was 2.27. And the median was 11.26.

GGT's 5-Year Yield-on-Cost % is ranked better than
93.25% of 1214 companies
in the Asset Management industry
Industry Median: 5.985 vs GGT: 16.60

Competitive Comparison of Gabelli Multimedia Trust's 5-Year Yield-on-Cost %

For the Asset Management subindustry, Gabelli Multimedia Trust's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gabelli Multimedia Trust's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Multimedia Trust's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Gabelli Multimedia Trust's 5-Year Yield-on-Cost % falls into.

Gabelli Multimedia Trust 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Gabelli Multimedia Trust is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Gabelli Multimedia Trust (NYSE:GGT) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Gabelli Multimedia Trust 5-Year Yield-on-Cost % Related Terms

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Gabelli Multimedia Trust (Gabelli Multimedia Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGT) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

GGTpG.PFD:USA GGTpE.PFD:USA

Address

One Corporate Center, Rye, New York, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital. The fund invests at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing, and entertainment industries.

Executives

Mario J Gabelli	director	191 MASON STREET, GREENWICH CT 06830
Calgary Avansino	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Elizabeth C Bogan	director	C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, MORRISTOWN NJ 07960
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	director
John Birch	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Bank Of America Corp /de/	10 percent owner	BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Merrill Lynch, Pierce, Fenner & Smith Inc.	other: Subsidiary	4 WORLD FINANCIAL CENTER, NORTH TOWER, NEW YORK NY 10080
Group Ag Ubs	10 percent owner	BAHNHOFSTRASSE 45, ZURICH V8 CH-8001
Blue Ridge Investments, L.l.c.	10 percent owner	ONE BRYANT PARK, NEW YORK NY 10036
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Kuni Nakamura	director	1 MARTIN BUTLER COURT, RYE NY 10580
Christopher J. Marangi	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019