The GDL Fund (NYSE:GDL – Get Free Report) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.12 per share by the investment management company on Monday, June 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Friday, June 13th.
The GDL Fund has decreased its dividend payment by an average of 9.6% annually over the last three years.
The GDL Fund Trading Down 0.5%
Shares of GDL stock opened at $8.20 on Friday. The firm’s 50 day moving average is $8.12 and its 200-day moving average is $8.15. The GDL Fund has a 1 year low of $7.71 and a 1 year high of $8.40.
About The GDL Fund
The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.
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