The GDL Fund (NYSE:GDL – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Stockholders 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) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 16th.
The GDL Fund Price Performance
GDL opened at $8.40 on Thursday. The GDL Fund has a 1 year low of $8.24 and a 1 year high of $8.67. The company’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $8.45.
About The GDL Fund
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.
See Also
- Five stocks we like better than The GDL Fund
- Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care?
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
Receive News & Ratings for The GDL Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GDL Fund and related companies with MarketBeat.com's FREE daily email newsletter.
