Looking at the universe of stocks we cover at Dividend Channel, on 6/12/14, GDL Fund (GDL - Get Report) will trade ex-dividend, for its quarterly dividend of $0.16, payable on 6/23/14. As a percentage of GDL's recent stock price of $11.01, this dividend works out to approximately 1.45%, so look for shares of GDL Fund to trade 1.45% lower — all else being equal — when GDL shares open for trading on 6/12/14.Below is a dividend history chart for GDL, showing historical dividends prior to the most recent $0.16 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 5.81% 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 $10.62 per share, with $11.87 as the 52 week high point — that compares with a last trade of $11.01. In Tuesday trading, GDL Fund shares are currently down about 0.2% on the day.
More from Stocks
Ask Cramer: Book Recommendations for College Grads Starting Their First Job?
Which of Jim Cramer's books does he recommend for grandchildren out of college on their first job?
Jim Cramer: The Recent Selloff in Bank Stocks Is 'Stupid'
'The people who are selling financials will be wrong,' he says.