Bancroft Fund Ltd. (NYSE:BCV - Get Free Report) announced a quarterly dividend on Thursday, February 13th,NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.32 per share on Monday, March 24th. This represents a $1.28 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend is Monday, March 17th.
Bancroft Fund has decreased its dividend by an average of 32.3% annually over the last three years.
Bancroft Fund Stock Down 0.1 %
Shares of BCV traded down $0.01 during mid-day trading on Wednesday, hitting $18.67. The company's stock had a trading volume of 12,928 shares, compared to its average volume of 15,344. The stock's 50-day moving average is $18.16 and its two-hundred day moving average is $17.38. Bancroft Fund has a one year low of $14.51 and a one year high of $18.72.
Insider Activity at Bancroft Fund
In other news, insider Mario J. Gabelli sold 1,500 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $17.74, for a total transaction of $26,610.00. Following the transaction, the insider now owns 28,000 shares in the company, valued at approximately $496,720. The trade was a 5.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company's stock.
About Bancroft Fund
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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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