Bancroft Fund Ltd. (BCV) To Go Ex-Dividend on March 17th

Bancroft Fund Ltd. (NYSE:BCV) announced a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.32 per share on Monday, March 24th. This represents a $1.28 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, March 17th.

Bancroft Fund has decreased its dividend payment by an average of 39.5% per year over the last three years.

Bancroft Fund Trading Up 0.3 %

Bancroft Fund stock opened at $17.67 on Friday. Bancroft Fund has a 1 year low of $14.51 and a 1 year high of $18.77. The firm’s 50 day moving average price is $18.20 and its 200-day moving average price is $17.62.

Insider Activity

In related news, insider Mario J. Gabelli sold 1,500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $17.74, for a total value of $26,610.00. Following the sale, the insider now owns 28,000 shares in the company, valued at approximately $496,720. The trade was a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% 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.