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

Bancroft Fund Ltd. (NYSE:BCV) declared a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders 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 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% per year over the last three years.

Bancroft Fund Stock Down 0.4 %

BCV stock traded down $0.07 during midday trading on Thursday, reaching $17.87. The company had a trading volume of 20,048 shares, compared to its average volume of 20,059. Bancroft Fund has a 1-year low of $14.51 and a 1-year high of $18.41. The stock has a 50 day moving average price of $16.82 and a 200-day moving average price of $16.17.

Insider Buying and Selling

In related news, insider Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 131,000 shares of the company’s stock, valued at $2,145,780. This trade 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 hyperlink. 4.10% of the stock is currently owned by company insiders.

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.