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Ex-Div Reminder for GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares

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On 6/15/17, GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares (Symbol: GDL.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/26/17. As a percentage of GDL.PRB's recent share price of $50.65, this dividend works out to approximately 0.74%, so look for shares of GDL.PRB to trade 0.74% lower - all else being equal - when GDL.PRB shares open for trading on 6/15/17. On an annualized basis, the current yield is approximately 2.97%, which compares to an average yield of 4.95% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GDL.PRB shares, versus GDL:

Performance Comparison Chart

Below is a dividend history chart for GDL.PRB, showing historical dividends prior to the most recent $0.375 on GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares :

GDL.PRB+Dividend+History+Chart

In Tuesday trading, GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares (Symbol: GDL.PRB) is currently trading flat on the day, while the common shares (Symbol: GDL) are up about 0.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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