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

Bancroft Fund Ltd. (NYSE:BCV) declared a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.32 per share on Monday, December 30th. This represents a $1.28 annualized dividend and a yield of 7.16%. The ex-dividend date is Friday, November 22nd.

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

Bancroft Fund Stock Down 0.4 %

NYSE BCV traded down $0.07 during midday trading on Thursday, hitting $17.87. 20,048 shares of the company traded hands, compared to its average volume of 20,059. Bancroft Fund has a 52 week low of $14.51 and a 52 week high of $18.41. The company’s 50-day simple moving average is $16.82 and its 200-day simple moving average is $16.17.

Insider Activity at Bancroft Fund

In other Bancroft Fund news, insider Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $16.38, for a total value of $65,520.00. Following the completion of the transaction, the insider now owns 131,000 shares of the company’s stock, valued at approximately $2,145,780. This trade represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.10% of the stock is owned by corporate insiders.

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.