GDL Fund Plans Quarterly Dividend of $0.10 (NYSE:GDL)
GDL Fund (NYSE:GDL) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.10 per share by the investment management company on Monday, September 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Friday, September 13th.
GDL Fund has decreased its dividend payment by an average of 14.5% annually over the last three years.
Shares of GDL Fund stock traded up $0.12 on Wednesday, hitting $9.38. 1,530 shares of the company’s stock traded hands, compared to its average volume of 24,676. The firm’s 50-day moving average price is $9.29 and its two-hundred day moving average price is $9.36. GDL Fund has a one year low of $8.54 and a one year high of $9.72.
GDL Fund Company Profile
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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