The GDL Fund (NYSE:GDL – Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Friday, December 11th will be paid a dividend of $0.12 per share by the investment management company on Friday, December 18th. This represents a $0.48 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, December 11th.
The GDL Fund Price Performance
Shares of NYSE GDL opened at $8.27 on Friday. The company’s fifty day simple moving average is $8.34 and its 200 day simple moving average is $8.42. The GDL Fund has a 12-month low of $8.01 and a 12-month high of $8.67.
About The GDL Fund
The GDL Fund (NYSE:GDL) is a diversified, closed-end management investment company. The fund seeks to generate high current income, with capital appreciation as a secondary objective. To pursue these objectives, The GDL Fund invests primarily in a diversified portfolio of debt securities, including below-investment-grade debt, senior secured loans and other credit-related instruments. Its holdings may include securities issued by companies and entities across a range of industries and geographic markets.
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