The GDL Fund (NYSE:GDL – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, September 16th.
The GDL Fund Stock Performance
Shares of GDL stock opened at $8.40 on Thursday. The business has a 50-day moving average of $8.44 and a 200 day moving average of $8.45. The GDL Fund has a 1-year low of $8.24 and a 1-year high of $8.67.
About The GDL Fund
The GDL Fund, Inc (NYSE: GDL) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of primarily U.S. dollar-denominated fixed-income securities, including investment-grade and high-yield corporate bonds, asset-backed and mortgage-related securities, and sovereign debt. In addition to cash instruments, the fund employs derivative instruments—most notably credit default swaps and other credit derivatives—to gain exposure to or hedge against movements in credit spreads.
Since its inception in the mid-2000s, The GDL Fund has aimed to capitalize on opportunities across the credit spectrum by blending traditional bond investments with credit derivative strategies.
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