The GDL Fund (NYSE:GDL – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.04 and traded as high as $8.08. The GDL Fund shares last traded at $8.03, with a volume of 14,792 shares.
The GDL Fund Stock Performance
The firm’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $8.04.
The GDL Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date was Friday, December 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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