The GDL Fund (GDL) to Issue Quarterly Dividend of $0.12 on September 23rd

The GDL Fund (NYSE:GDL) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 16th.

The GDL Fund Stock Performance

Shares of GDL stock opened at $8.42 on Monday. The GDL Fund has a fifty-two week low of $8.01 and a fifty-two week high of $8.67. The company has a 50 day moving average price of $8.42 and a 200 day moving average price of $8.44.

The GDL Fund Company Profile

The GDL Fund, Inc (NYSE: GDL) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of primarily U.S. dollar-denominated fixed-income securities, including investment-grade and high-yield corporate bonds, asset-backed and mortgage-related securities, and sovereign debt. In addition to cash instruments, the fund employs derivative instruments—most notably credit default swaps and other credit derivatives—to gain exposure to or hedge against movements in credit spreads.

Since its inception in the mid-2000s, The GDL Fund has aimed to capitalize on opportunities across the credit spectrum by blending traditional bond investments with credit derivative strategies.