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:
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 :
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%.
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