GDL Fund (NYSE:GDL) declared a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Friday, June 14th will be given a dividend of 0.10 per share by the investment management company on Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, June 13th.
GDL Fund has decreased its dividend by an average of 14.5% per year over the last three years.
Shares of NYSE GDL opened at $9.36 on Friday. GDL Fund has a one year low of $8.54 and a one year high of $9.72.
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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