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

The GDL Fund (NYSE:GDL) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.12 per share by the investment management company on Friday, December 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, December 13th.

The GDL Fund Stock Down 0.6 %

GDL stock traded down $0.05 on Friday, hitting $8.08. 3,330 shares of the company’s stock were exchanged, compared to its average volume of 9,675. The GDL Fund has a 12-month low of $7.72 and a 12-month high of $8.29. The firm has a 50 day moving average price of $8.13 and a two-hundred day moving average price of $8.00.

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.