GDL Fund (GDL Fund) 5-Year Yield-on-Cost % : 7.63 (As of Apr. 26, 2024)

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What is GDL Fund 5-Year Yield-on-Cost %?

GDL Fund's yield on cost for the quarter that ended in Dec. 2023 was 7.63.

The historical rank and industry rank for GDL Fund's 5-Year Yield-on-Cost % or its related term are showing as below:

GDL' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.25 Med: 6.33 Max: 7.75
Current: 7.63

During the past 7 years, GDL Fund's highest Yield on Cost was 7.75. The lowest was 1.25. And the median was 6.33.

GDL's 5-Year Yield-on-Cost % is ranked better than
61.78% of 1214 companies
in the Asset Management industry
Industry Median: 6.005 vs GDL: 7.63

Competitive Comparison of GDL Fund's 5-Year Yield-on-Cost %

For the Asset Management subindustry, GDL Fund's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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's 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GDL Fund's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where GDL Fund's 5-Year Yield-on-Cost % falls into.

GDL Fund 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of GDL Fund is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

GDL Fund (NYSE:GDL) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

GDL Fund 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of GDL Fund's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.

GDL Fund (GDL Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GDL Fund (NYSE:GDL) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

GDLpC.PFD:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

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.

Executives

Mario J Gabelli	other: Trustee	191 MASON STREET, GREENWICH CT 06830
Peter D. Goldstein	officer: Secretary	249 ROYAL PALM WAY, SUITE 503, PALM BEACH FL 33480
James P Conn	other: Trustee
Anthony S. Colavita	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
John Chester Ball	officer: Treasurer	800 CONNECTICUT AVENUE, NORWALK CT 06854
Leslie Fahrenkopf Foley	director	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Michael J Melarkey	other: Trustee	ONE CORPORATE CENTER, RYE NY 10580
Bruce N Alpert	officer: President	C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Gpj Retirement Partners, Llc	other: Limited Liability Company	1 CORPORATE CENTER, RYE NY 10580
Gabelli Securities Inc	other: Subsidiary of GAMCO	ONE CORPORATE CENTER, RYE NY 10580
Mjg Iv Limited Partnership	other: Partnership
Relative Value Partners, Llc	10 percent owner	1033 SKOKIE BOULEVARD, SUITE 470, NORTHBROOK IL 60062
Clarence A Davis	other: Trustee	ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421
Edward T Tokar	other: Trustee
Arthur V Ferrara	other: Trustee	ONE CORPORATE CENTER, RYE NY 10580