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

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) announced a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Investors of record on Friday, November 22nd will be paid a dividend of 0.14 per share on Monday, December 30th. This represents a $0.56 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Friday, November 22nd.

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

Ellsworth Growth and Income Fund Price Performance

Shares of NYSE ECF opened at $9.72 on Thursday. Ellsworth Growth and Income Fund has a 12-month low of $7.54 and a 12-month high of $9.86. The stock’s 50 day simple moving average is $9.21 and its 200 day simple moving average is $8.64.

Insider Activity at Ellsworth Growth and Income Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 3,302 shares of Ellsworth Growth and Income Fund stock in a transaction dated 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 purchase, the insider now directly owns 1,403,987 shares in the company, valued at $12,537,603.91. The trade was a 0.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

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.