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

The GDL Fund (NYSE:GDL) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.12 per share by the investment management company on Friday, December 18th. This represents a $0.48 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, December 11th.

The GDL Fund Price Performance

Shares of The GDL Fund stock opened at $8.28 on Thursday. The business has a fifty day simple moving average of $8.35 and a two-hundred day simple moving average of $8.43. The GDL Fund has a 12 month low of $8.01 and a 12 month high of $8.67.

The GDL Fund Company Profile

The GDL Fund (NYSE:GDL) is a diversified, closed-end management investment company. The fund seeks to generate high current income, with capital appreciation as a secondary objective. To pursue these objectives, The GDL Fund invests primarily in a diversified portfolio of debt securities, including below-investment-grade debt, senior secured loans and other credit-related instruments. Its holdings may include securities issued by companies and entities across a range of industries and geographic markets.