GDL Fund (NYSE:GDL) Trading 0.2% Higher

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GDL Fund (NYSE:GDL)’s share price traded up 0.2% on Monday . The stock traded as high as $9.13 and last traded at $9.13. 6,474 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 24,773 shares. The stock had previously closed at $9.11.

The business’s 50-day moving average price is $9.33.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 14th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 4.38%.

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About GDL Fund (NYSE:GDL)

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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