The GDL Fund (GDL) To Go Ex-Dividend on June 15th

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.12 per share by the investment management company on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

The GDL Fund Stock Up 0.8%

Shares of GDL opened at $8.50 on Friday. The firm’s 50 day moving average is $8.45 and its 200-day moving average is $8.46. The GDL Fund has a 12 month low of $8.15 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.