The GDL Fund (GDL) to Issue Quarterly Dividend of $0.12 on September 23rd

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

The GDL Fund Trading Up 0.2%

Shares of GDL opened at $8.42 on Friday. The business’s fifty day moving average is $8.43 and its 200 day moving average is $8.45. The GDL Fund has a 12-month low of $8.24 and a 12-month high of $8.67.

The GDL Fund Company Profile

The GDL Fund, Inc (NYSE: GDL) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of primarily U.S. dollar-denominated fixed-income securities, including investment-grade and high-yield corporate bonds, asset-backed and mortgage-related securities, and sovereign debt. In addition to cash instruments, the fund employs derivative instruments—most notably credit default swaps and other credit derivatives—to gain exposure to or hedge against movements in credit spreads.

Since its inception in the mid-2000s, The GDL Fund has aimed to capitalize on opportunities across the credit spectrum by blending traditional bond investments with credit derivative strategies.