Bancroft Fund Limited (BCV) to Issue Quarterly Dividend of $0.35 on June 23rd

Bancroft Fund Limited (NYSEAMERICAN:BCV) declared a quarterly dividend on Wednesday, May 13th. Investors 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) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Monday, June 15th.

Bancroft Fund Stock Performance

Shares of NYSEAMERICAN BCV opened at $25.52 on Friday. The stock’s 50 day moving average price is $24.60 and its two-hundred day moving average price is $23.35. Bancroft Fund has a 52-week low of $18.11 and a 52-week high of $27.33.

Bancroft Fund Company Profile

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.