Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) to Issue Dividend Increase – $1.01 Per Share

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.01 per share by the investment management company on Wednesday, December 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 34.6%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 359.1% increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.22.

Ellsworth Growth and Income Fund Stock Up 2.6%

NYSEAMERICAN:ECF opened at $11.66 on Thursday. The firm’s 50-day moving average price is $11.91 and its 200-day moving average price is $12.26. Ellsworth Growth and Income Fund has a 1-year low of $10.70 and a 1-year high of $13.85.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund, Inc. (NYSE American: ECF) is a diversified closed-end management investment company. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities. ECF invests primarily in convertible securities, including convertible bonds and convertible preferred stocks, as well as common stocks. Convertible securities may offer income while also providing the potential to participate in the equity appreciation of the underlying companies.