Bancroft Fund Ltd. (BCV) Increases Dividend to $0.41 Per Share
Bancroft Fund Ltd. (NYSEAMERICAN:BCV) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.41 per share by the financial services provider on Wednesday, December 27th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date is Monday, November 27th. This is an increase from Bancroft Fund’s previous quarterly dividend of $0.25.
Bancroft Fund (NYSEAMERICAN:BCV) traded up $0.02 on Friday, hitting $21.69. The company had a trading volume of 6,400 shares, compared to its average volume of 10,612. Bancroft Fund has a fifty-two week low of $19.91 and a fifty-two week high of $22.54.
In other Bancroft Fund news, Director Kuni Nakamura bought 1,710 shares of Bancroft Fund stock in a transaction that occurred on Thursday, October 5th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $37,620.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Bancroft Fund Company Profile
Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.
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