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

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 paid 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 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

Shares of BCV traded down $0.07 on Thursday, reaching $17.87. 20,048 shares of the stock traded hands, compared to its average volume of 20,059. Bancroft Fund has a 12 month low of $14.51 and a 12 month high of $18.41. The stock’s 50-day moving average price is $16.82 and its 200-day moving average price is $16.17.

Insider Activity at Bancroft Fund

In other news, insider Mario J. Gabelli sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $16.38, for a total transaction of $65,520.00. Following the sale, the insider now directly owns 131,000 shares of the company’s stock, valued at $2,145,780. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.10% of the stock is owned by 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.