GDL Fund (GDL) to Issue Quarterly Dividend of $0.10 on December 15th

GDL Fund (NYSE:GDL) declared a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.10 per share by the investment management company on Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, December 7th.

GDL Fund has decreased its dividend payment by an average of 20.6% per year over the last three years.

GDL Fund (NYSE:GDL) opened at $9.99 on Friday. GDL Fund has a 1-year low of $9.63 and a 1-year high of $10.38.

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GDL Fund Company Profile

The GDL Fund (the Fund) is a diversified closed-end management investment fund. The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.

Dividend History for GDL Fund (NYSE:GDL)

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