GDL Fund (NYSE:GDL) declared a quarterly dividend on Monday, November 19th, Wall Street Journal reports. Stockholders of record on Friday, December 7th will be paid a dividend of 0.10 per share by the investment management company on Friday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, December 6th.
GDL Fund has decreased its dividend payment by an average of 19.3% annually over the last three years.
Shares of GDL stock opened at $9.17 on Wednesday. GDL Fund has a 52-week low of $8.54 and a 52-week high of $10.04.
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About 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.
Further Reading: Closed-End Mutual Funds (CEFs)
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