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

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid 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 yield of 5.94%. The ex-dividend date is Friday, December 13th.

The GDL Fund Stock Down 0.6 %

Shares of The GDL Fund stock traded down $0.05 on Friday, reaching $8.08. The company’s stock had a trading volume of 3,330 shares, compared to its average volume of 9,675. The GDL Fund has a 52-week low of $7.72 and a 52-week high of $8.29. The stock has a 50-day moving average price of $8.13 and a 200-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.