Bancroft Fund Limited (NYSEAMERICAN:BCV) Declares Dividend Increase – $0.41 Per Share

Bancroft Fund Limited (NYSEAMERICAN:BCV) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.41 per share by the financial services provider on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, September 16th. This is a 17.1% increase from Bancroft Fund’s previous quarterly dividend of $0.35.

Bancroft Fund Stock Up 2.9%

Shares of NYSEAMERICAN:BCV opened at $25.61 on Thursday. The firm’s 50 day simple moving average is $25.00 and its 200-day simple moving average is $24.10. Bancroft Fund has a one year low of $19.87 and a one year high of $27.33.

About Bancroft Fund

Bancroft Fund, Inc (NYSE American: BCV) is a closed-end management investment company that seeks long-term growth of capital. Shares of the Fund trade on the NYSE American exchange, providing investors with access to a diversified portfolio of U.S. equity securities under a closed-end structure. The Fund’s board of directors oversees a disciplined investment process governed by a stated strategy and risk parameters.

The Fund’s primary investment objective is capital appreciation. To pursue this goal, Bancroft Fund allocates at least 80% of its total assets to equity securities of U.S.