Shares of The GDL Fund (NYSE:GDL – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.18 and traded as high as $8.34. The GDL Fund shares last traded at $8.24, with a volume of 26,279 shares trading hands.
The GDL Fund Trading Down 0.4%
The firm’s 50 day moving average is $8.17 and its two-hundred day moving average is $8.18.
The GDL Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, June 13th.
Hedge Funds Weigh In On The GDL Fund
The GDL Fund Company Profile
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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