GDL Fund (NYSE:GDL) Plans $0.10 Quarterly Dividend

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GDL Fund (NYSE:GDL) declared a quarterly dividend on Friday, November 15th, Zacks reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.10 per share by the investment management company on Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Thursday, December 12th.

Shares of NYSE GDL traded up $0.02 during mid-day trading on Tuesday, hitting $9.22. The company had a trading volume of 10,910 shares, compared to its average volume of 22,580. The firm has a 50-day simple moving average of $9.21 and a two-hundred day simple moving average of $9.25. GDL Fund has a one year low of $8.79 and a one year high of $9.72.

About GDL Fund

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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