If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of GDL Fund is 0.89, which seems too high.
During the past 7 years, the highest Dividend Payout Ratio of GDL Fund was 2.00. The lowest was 0.42. And the median was 0.88.
GDL Fund's Dividends per Share for the
six
months ended in Dec. 2023 was $0.24.
During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 4.40% per year.
During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of GDL Fund was 66.30% per year. The lowest was 1.40% per year. And the median was 6.30% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
GDL Fund Dividend Yield % Historical Data
The historical data trend for GDL Fund's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, GDL Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GDL Fund Dividend Yield % Distribution
For the Asset Management industry and Financial Services sector, GDL Fund's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where GDL Fund's Dividend Yield % falls into.
GDL Fund Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
GDL Fund Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.120
2024-03-13
2024-03-14
2024-03-21
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-12-14
2023-12-15
2023-12-22
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-09-14
2023-09-15
2023-09-22
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.120
2023-06-14
2023-06-15
2023-06-23
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
GDL Fund's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.48
/
7.83
=
6.13 %
Current Share Price is $7.83.
GDL Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.48.
GDL Fund's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.48
/
7.83
=
6.13 %
Current Share Price is $7.83.
GDL Fund's Dividends per Share for the forward twelve months is calculated as $0.12 * 4 = $0.48.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
GDL Fund (NYSE:GDL) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of GDL Fund's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
GDL Fund is a diversified closed-end management investment company. Its primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The fund seeks to achieve its objective by investing in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations.
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