Bancroft Fund Limited (NYSEAMERICAN:BCV) Plans Quarterly Dividend of $0.35

Bancroft Fund Limited (NYSEAMERICAN:BCV) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.35 per share by the financial services provider on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, June 15th.

Bancroft Fund Price Performance

Shares of Bancroft Fund stock traded up $0.46 during trading hours on Wednesday, hitting $25.44. The company’s stock had a trading volume of 19,646 shares, compared to its average volume of 15,226. The business has a 50 day moving average price of $22.99 and a two-hundred day moving average price of $22.90. Bancroft Fund has a 12-month low of $17.67 and a 12-month high of $25.44.

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.