GDL Fund (GDL) to Issue Quarterly Dividend of $0.10 on December 15th

GDL Fund (NYSE:GDL) announced a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Investors of record on Friday, December 8th will be paid a dividend of 0.10 per share by the investment management company on Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, December 7th.

GDL Fund has decreased its dividend payment by an average of 20.6% annually over the last three years.

Shares of GDL Fund (GDL) opened at $9.91 on Wednesday. GDL Fund has a 52 week low of $9.63 and a 52 week high of $10.38.

In other news, insider Mario J. Gabelli acquired 84,712 shares of the stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $10.00 per share, with a total value of $847,120.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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GDL Fund Company Profile

The GDL Fund (the Fund) is a diversified closed-end management investment fund. The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.

Dividend History for GDL Fund (NYSE:GDL)

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