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

Bancroft Fund Ltd. (NYSE:BCV) announced 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 annualized dividend and a yield of 7.01%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Bancroft Fund Stock Performance

Bancroft Fund stock opened at $18.27 on Thursday. Bancroft Fund has a 12 month low of $14.51 and a 12 month high of $18.41. The stock’s 50 day simple moving average is $17.00 and its two-hundred day simple moving average is $16.27.

Insider Activity

In other news, insider Mario J. Gabelli sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 131,000 shares in the company, valued at $2,145,780. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.10% 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.