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

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Friday, November 15th,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 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Friday, December 13th.

The GDL Fund Price Performance

Shares of The GDL Fund stock traded down $0.04 on Friday, reaching $8.09. The company had a trading volume of 3,130 shares, compared to its average volume of 9,674. The firm’s 50 day moving average price is $8.13 and its two-hundred day moving average price is $8.00. The GDL Fund has a 52-week low of $7.72 and a 52-week high of $8.29.

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.