Bancroft Fund Ltd. (BCV) to Issue Quarterly Dividend of $0.32 on December 30th

Bancroft Fund Ltd. (NYSE:BCV) announced a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Stockholders of record on Friday, November 22nd will be given 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 7.16%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Bancroft Fund Stock Down 0.4 %

Bancroft Fund stock opened at $17.87 on Friday. The company has a fifty day moving average price of $16.82 and a two-hundred day moving average price of $16.17. Bancroft Fund has a 12 month low of $14.51 and a 12 month high of $18.41.

Insider Buying and Selling

In other news, insider Mario J. Gabelli sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $16.38, for a total value of $65,520.00. Following the transaction, the insider now owns 131,000 shares in the company, valued at $2,145,780. This represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.