Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Plans Quarterly Dividend of $0.14

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) declared a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.14 per share on Monday, December 30th. This represents a $0.56 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date is Friday, November 22nd.

Ellsworth Growth and Income Fund has decreased its dividend payment by an average of 26.9% annually over the last three years.

Ellsworth Growth and Income Fund Stock Performance

NYSE:ECF opened at $9.60 on Wednesday. Ellsworth Growth and Income Fund has a 12 month low of $7.54 and a 12 month high of $9.86. The company’s 50-day moving average price is $9.19 and its two-hundred day moving average price is $8.63.

Insiders Place Their Bets

In other Ellsworth Growth and Income Fund news, major shareholder Saba Capital Management, L.P. purchased 3,302 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average cost of $8.93 per share, with a total value of $29,486.86. Following the completion of the purchase, the insider now directly owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. This represents a 0.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.