The GDL Fund (NYSE:GDL – Get Free Report) declared a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.12 per share by the investment management company on Monday, March 24th. This represents a $0.48 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Monday, March 17th.
The GDL Fund has decreased its dividend by an average of 9.6% per year over the last three years.
The GDL Fund Price Performance
NYSE:GDL opened at $8.34 on Friday. The GDL Fund has a 1 year low of $7.72 and a 1 year high of $8.40. The business has a fifty day moving average of $8.24 and a 200-day moving average of $8.15.
About The 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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