Gabelli Multimedia Trust (Gabelli Multimedia Trust) Dividend Payout Ratio : 4.27 (As of Dec. 2023)

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What is Gabelli Multimedia Trust Dividend Payout Ratio?

Gabelli Multimedia Trust's dividend payout ratio for the months ended in Dec. 2023 was 4.27.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gabelli Multimedia Trust Inc is 1.14, which seems too high.

The historical rank and industry rank for Gabelli Multimedia Trust's Dividend Payout Ratio or its related term are showing as below:

GGT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.68 Max: 1.14
Current: 1.14

During the past 7 years, the highest Dividend Payout Ratio of Gabelli Multimedia Trust was 1.14. The lowest was 0.10. And the median was 0.68.

GGT's Dividend Payout Ratio is ranked worse than
69.12% of 936 companies
in the Asset Management industry
Industry Median: 0.83 vs GGT: 1.14

As of today (2024-04-26), the Dividend Yield % of Gabelli Multimedia Trust is 16.27%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Gabelli Multimedia Trust was 20.95%. The lowest was 2.23%. And the median was 11.04%.

Gabelli Multimedia Trust's Dividends per Share for the months ended in Dec. 2023 was $0.44.

During the past 3 years, the average Dividends Per Share Growth Rate was 0.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.40% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Gabelli Multimedia Trust was 58.70% per year. The lowest was -0.30% per year. And the median was 0.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Gabelli Multimedia Trust Dividend Payout Ratio Historical Data

The historical data trend for Gabelli Multimedia Trust's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gabelli Multimedia Trust Dividend Payout Ratio Chart

Gabelli Multimedia Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.44

0.68

0.73

1.06

Gabelli Multimedia Trust Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial								-	-	-	0.66	4.27

Competitive Comparison of Gabelli Multimedia Trust's Dividend Payout Ratio

For the Asset Management subindustry, Gabelli Multimedia Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Multimedia Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Gabelli Multimedia Trust's Dividend Payout Ratio falls into.

Gabelli Multimedia Trust Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Gabelli Multimedia Trust's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.88	/	0.83
	=	1.06

Gabelli Multimedia Trust's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.44	/	0.103
	=	4.27

Gabelli Multimedia Trust (NYSE:GGT) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Gabelli Multimedia Trust Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Gabelli Multimedia Trust's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Gabelli Multimedia Trust (Gabelli Multimedia Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Multimedia Trust Inc (NYSE:GGT) » Definitions » Dividend Payout Ratio

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