Ellsworth Growth and Income Fund Ltd. (ECF) To Go Ex-Dividend on November 23rd

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.01 per share by the investment management company on Wednesday, December 30th. This represents a $4.04 annualized dividend and a dividend yield of 35.0%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 359.1% increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.22.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF stock opened at $11.54 on Friday. Ellsworth Growth and Income Fund has a 52-week low of $10.70 and a 52-week high of $13.85. The stock has a 50 day moving average price of $11.89 and a 200 day moving average price of $12.25.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-end investment fund whose objective is to provide investors with current income and capital appreciation. Rather than operating a business that sells products or services, the fund pursues its objective by investing in a portfolio of securities. The fund focuses primarily on convertible securities and common stocks. Convertible securities can be exchanged for shares of the issuing company under specified conditions, while common stocks provide exposure to companies’ equity performance.