The GDL Fund (NYSE:GDL – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.
The GDL Fund Stock Performance
The company’s 50 day moving average is $8.25 and its two-hundred day moving average is $8.15.
The GDL Fund Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 5.76%.
Hedge Funds Weigh In On 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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