Bancroft Fund Limited (BCV) to Distribute Quarterly Dividend of $0.41 on September 23rd

Bancroft Fund Limited (NYSEAMERICAN:BCV) announced a quarterly dividend on Wednesday, August 12th. Investors 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) annualized dividend and a yield of 6.7%. The ex-dividend date is Wednesday, September 16th. This is a 17.1% increase from Bancroft Fund’s previous quarterly dividend of $0.35.

Bancroft Fund Price Performance

NYSEAMERICAN:BCV opened at $24.52 on Monday. Bancroft Fund has a one year low of $21.06 and a one year high of $27.33. The stock has a 50 day moving average price of $24.59 and a 200 day moving average price of $24.28.

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.