Bancroft Fund Limited (NYSEAMERICAN:BCV) Increases Dividend to $0.50 Per Share

Bancroft Fund Limited (NYSEAMERICAN:BCV) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.50 per share by the financial services provider on Wednesday, December 30th. This represents a $2.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 22.0% increase from Bancroft Fund’s previous quarterly dividend of $0.41.

Bancroft Fund Trading Up 2.4%

BCV opened at $21.51 on Thursday. The firm has a 50-day moving average price of $22.88 and a 200-day moving average price of $23.85. Bancroft Fund has a twelve month low of $20.80 and a twelve month high of $27.33.

Bancroft Fund Company Profile

Bancroft Fund, Inc. is a closed-end investment company listed on the NYSE American under the symbol BCV. The fund seeks to provide shareholders with a combination of current income and long-term capital appreciation through a managed portfolio of investments. The fund primarily invests in convertible securities, including convertible bonds and convertible preferred stocks, as well as other income-producing and equity securities. Convertible investments may provide regular income while also offering the potential to participate in the growth of the underlying companies’ common stocks.