Looking at the universe of stocks we cover at Dividend Channel, on 6/12/15, GDL Fund (GDL - Get Report) will trade ex-dividend, for its quarterly dividend of $0.16, payable on 6/23/15. As a percentage of GDL's recent stock price of $10.40, this dividend works out to approximately 1.54%, so look for shares of GDL Fund to trade 1.54% lower — all else being equal — when GDL shares open for trading on 6/12/15.

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

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 6.15% 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:

GDL Fund 200 Day Moving Average Chart

Looking at the chart above, GDL's low point in its 52 week range is $9.88 per share, with $11.07 as the 52 week high point — that compares with a last trade of $10.40.

According to Preferred Stock Channel, there is a series of preferred stock that is senior to GDL, which trades under the symbol GDL.PRB — more info ».

In Wednesday trading, GDL Fund shares are currently up about 0.3% on the day.