The GDL Fund (GDL) To Go Ex-Dividend on March 17th

The GDL Fund (NYSE:GDL) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.12 per share by the investment management company on Tuesday, March 24th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

The GDL Fund Stock Down 0.2%

Shares of GDL opened at $8.55 on Friday. The stock has a 50 day moving average of $8.48 and a 200 day moving average of $8.48. The GDL Fund has a 12 month low of $7.71 and a 12 month high of $8.67.

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.