The GDL Fund Declares Quarterly Dividend of $0.12 (NYSE:GDL)

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Wednesday, November 12th. Shareholders of record on Friday, December 12th will be given a dividend of 0.12 per share by the investment management company on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, December 12th.

The GDL Fund Trading Down 0.4%

Shares of GDL traded down $0.03 on Thursday, reaching $8.49. The company’s stock had a trading volume of 659 shares, compared to its average volume of 12,529. The GDL Fund has a twelve month low of $7.71 and a twelve month high of $8.64. The firm has a fifty day moving average of $8.51 and a 200-day moving average of $8.39.

The 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.