Bancroft Fund Ltd. (NYSE:BCV) Declares Quarterly Dividend of $0.32

Bancroft Fund Ltd. (NYSE:BCV) announced a quarterly dividend on Wednesday, August 27th, RTT News reports. Stockholders of record on Tuesday, September 16th will be given a dividend of 0.32 per share on Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 16th.

Bancroft Fund Trading Up 0.4%

NYSE:BCV opened at $21.56 on Friday. The company’s fifty day moving average price is $20.08 and its 200-day moving average price is $18.50. Bancroft Fund has a 1-year low of $15.63 and a 1-year high of $21.61.

About Bancroft Fund

Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.