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 $7.86 and traded as high as $7.93. The GDL Fund shares last traded at $7.92, with a volume of 9,500 shares trading hands.
The GDL Fund Price Performance
The firm has a 50-day simple moving average of $7.90 and a two-hundred day simple moving average of $7.86.
The GDL Fund Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.07%.
Institutional Trading of The GDL Fund
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.
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