The GDL Fund (NYSE:GDL – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.15 and traded as high as $8.35. The GDL Fund shares last traded at $8.34, with a volume of 21,973 shares.
The GDL Fund Stock Up 0.3 %
The company’s fifty day moving average price is $8.25 and its 200-day moving average price is $8.15.
The GDL Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a $0.12 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.76%.
Institutional Investors 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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