The GDL Fund (NYSE:GDL – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.96 and traded as high as $8.14. The GDL Fund shares last traded at $8.12, with a volume of 9,125 shares trading hands.
The GDL Fund Stock Up 0.4 %
The company’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $7.96.
The GDL Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, September 16th. This represents a $0.48 annualized dividend and a yield of 5.89%.
Institutional Investors Weigh In On The GDL Fund
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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