Bancroft Fund Ltd. (NYSE:BCV) to Issue Dividend Increase – $2.25 Per Share

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Bancroft Fund Ltd. (NYSE:BCV) announced a quarterly dividend on Friday, November 13th, Zacks reports. Stockholders of record on Wednesday, November 25th will be given a dividend of 2.25 per share on Tuesday, December 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 31.23%. The ex-dividend date of this dividend is Tuesday, November 24th. This is an increase from Bancroft Fund’s previous quarterly dividend of $0.25.

Shares of NYSE:BCV opened at $28.82 on Friday. The business’s 50 day moving average is $26.05. Bancroft Fund has a 1 year low of $14.27 and a 1 year high of $29.13.

About Bancroft 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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