Bancroft Fund Ltd. (NYSEAMERICAN:BCV) Director Mario J. Gabelli sold 2,800 shares of Bancroft Fund stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.50, for a total transaction of $60,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Bancroft Fund Ltd. (NYSEAMERICAN BCV) traded up $0.07 during trading on Wednesday, reaching $21.47. 14,603 shares of the company traded hands, compared to its average volume of 10,768. Bancroft Fund Ltd. has a twelve month low of $20.03 and a twelve month high of $22.77.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. This is a positive change from Bancroft Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 annualized dividend and a yield of 7.64%. Bancroft Fund’s dividend payout ratio (DPR) is presently 34.02%.
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Bancroft Fund Company Profile
Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.
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