Bancroft Fund Ltd. (NYSE:BCV) Announces Quarterly Dividend of $0.32

Bancroft Fund Ltd. (NYSE:BCV) announced a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.32 per share on Monday, December 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date is Friday, November 22nd.

Bancroft Fund has decreased its dividend payment by an average of 25.7% per year over the last three years.

Bancroft Fund Stock Performance

Shares of Bancroft Fund stock opened at $18.27 on Thursday. The business has a 50-day moving average of $17.00 and a 200 day moving average of $16.27. Bancroft Fund has a 12 month low of $14.51 and a 12 month high of $18.41.

Insider Activity

In other Bancroft Fund news, insider Mario J. Gabelli sold 4,000 shares of Bancroft Fund stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $16.38, for a total transaction of $65,520.00. Following the transaction, the insider now owns 131,000 shares of the company’s stock, valued at $2,145,780. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.10% of the company’s stock.

Bancroft Fund Company Profile

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.