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

Bancroft Fund Limited (NYSEAMERICAN:BCV) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.50 per share by the financial services provider on Wednesday, December 30th. This represents a $2.00 annualized dividend and a dividend 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 Price Performance

Shares of Bancroft Fund stock opened at $21.51 on Thursday. The business’s 50 day simple moving average is $22.88 and its 200 day simple moving average is $23.85. Bancroft Fund has a 52-week low of $20.80 and a 52-week 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.