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.

In other news, Director James P. Conn sold 11,004 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $9.26, for a total value of $101,897.04. Following the completion of the sale, the director now directly owns 3,996 shares of the company’s stock, valued at approximately $37,002.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James P. Conn sold 2,996 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $9.20, for a total transaction of $27,563.20.

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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Dividend History for GDL Fund (NYSE:GDL)

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