GDL Fund (NYSE:GDL) declared a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.10 per share by the investment management company on Monday, September 23rd. This represents a $0.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, September 13th.
GDL Fund has decreased its dividend payment by an average of 14.5% per year over the last three years.
NYSE:GDL traded up $0.12 during mid-day trading on Wednesday, reaching $9.38. 1,530 shares of the company’s stock were exchanged, compared to its average volume of 24,676. GDL Fund has a one year low of $8.54 and a one year high of $9.72. The business’s fifty day simple moving average is $9.29 and its two-hundred day simple moving average is $9.36.
In related news, Director James P. Conn sold 2,996 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $9.20, for a total transaction of $27,563.20. Also, Director James P. Conn sold 11,004 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $9.26, for a total transaction of $101,897.04. Following the transaction, the director now owns 3,996 shares of the company’s stock, valued at $37,002.96. The disclosure for this sale can be found here.
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.
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