Shares of The GDL Fund (NYSE:GDL – Get Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.98 and traded as high as $8.02. The GDL Fund shares last traded at $8.02, with a volume of 3,951 shares trading hands.
The GDL Fund Stock Performance
The business has a 50-day moving average of $8.01 and a two-hundred day moving average of $7.98.
The GDL Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, March 16th.
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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