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

The GDL Fund (NYSE:GDL) announced a quarterly dividend on Thursday, May 16th, Zacks reports. Investors of record on Thursday, June 13th will be paid a dividend of 0.12 per share by the investment management company on Friday, June 21st. This represents a $0.48 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Thursday, June 13th.

The GDL Fund Stock Down 0.5 %

GDL stock opened at $7.86 on Friday. The stock has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $7.89. The GDL Fund has a twelve month low of $7.65 and a twelve month high of $8.13.

About The 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.