GDL Fund (NYSE:GDL) to Issue $0.10 Quarterly Dividend
GDL Fund (NYSE:GDL) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, September 13th.
GDL Fund has decreased its dividend by an average of 14.5% per year over the last three years.
Shares of GDL Fund stock traded up $0.12 during trading on Wednesday, reaching $9.38. The company had a trading volume of 1,530 shares, compared to its average volume of 24,676. The firm’s fifty day moving average is $9.29 and its 200-day moving average is $9.36. GDL Fund has a fifty-two week low of $8.54 and a fifty-two week 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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