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|Ex-Div Reminder for GDL Fund
Tuesday, December 4, 9:59 AM ET, by Market News Video Staff
On 12/6/18, GDL Fund (GDL) will trade ex-dividend, for its quarterly dividend of $0.10, payable ...
Ex-Div Reminder for GDL Fund
By Dividend Channel Staff, Tuesday, December 4, 9:59 AM ET
On 12/6/18, GDL Fund (NYSE:GDL) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 12/14/18. As a percentage of GDL's recent stock price of $9.15, this dividend works out to approximately 1.09%, so look for shares of GDL Fund to trade 1.09% lower — all else being equal — when GDL shares open for trading on 12/6/18.
Below is a dividend history chart for GDL, showing historical dividends prior to the most recent $0.10 declared by GDL Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GDL is likely to continue, and whether the current estimated yield of 4.37% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of GDL shares, versus its 200 day moving average:
Looking at the chart above, GDL's low point in its 52 week range is $8.54 per share, with $10.0366 as the 52 week high point — that compares with a last trade of $9.15.
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In Tuesday trading, GDL Fund shares are currently trading flat on the day.
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