The GDL Fund (NYSE:GDL) to Issue $0.12 Quarterly Dividend

The GDL Fund (NYSE:GDL) announced a quarterly dividend on Friday, August 23rd, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.12 per share by the investment management company on Monday, September 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Monday, September 16th.

The GDL Fund Trading Up 0.4 %

Shares of The GDL Fund stock traded up $0.03 during trading on Friday, reaching $8.06. The company’s stock had a trading volume of 8,837 shares, compared to its average volume of 10,660. The GDL Fund has a one year low of $7.65 and a one year high of $8.13. The business’s fifty day moving average price is $7.93 and its 200-day moving average price is $7.90.

The GDL Fund Company Profile

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.