Bancroft Fund Ltd. Closed-Ended Fund (BCV) Declares Quarterly Dividend of $1.65
Bancroft Fund Ltd. Closed-Ended Fund (NYSEAMERICAN:BCV) announced a quarterly dividend on Monday, November 19th, Wall Street Journal reports. Stockholders of record on Tuesday, November 27th will be paid a dividend of 1.65 per share by the financial services provider on Friday, December 28th. This represents a $6.60 annualized dividend and a dividend yield of 31.81%. The ex-dividend date is Monday, November 26th. This is a positive change from Bancroft Fund Ltd. Closed-Ended Fund’s previous quarterly dividend of $0.25.
Bancroft Fund Ltd. Closed-Ended Fund has raised its dividend by an average of 21.9% annually over the last three years.
Shares of NYSEAMERICAN BCV traded down $0.20 on Monday, hitting $20.75. The company had a trading volume of 15,715 shares, compared to its average volume of 16,732. Bancroft Fund Ltd. Closed-Ended Fund has a 12-month low of $19.66 and a 12-month high of $24.19.
About Bancroft Fund Ltd. Closed-Ended Fund
Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.
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