Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) Announces $0.13 Quarterly Dividend

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECFGet Rating) declared a quarterly dividend on Tuesday, May 17th, Wall Street Journal reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.13 per share by the investment management company on Thursday, June 23rd. This represents a $0.52 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Tuesday, June 14th.

Ellsworth Growth and Income Fund has raised its dividend payment by an average of 44.2% annually over the last three years.

Shares of Ellsworth Growth and Income Fund stock traded up $0.11 during trading on Tuesday, hitting $8.86. 219,990 shares of the stock traded hands, compared to its average volume of 76,825. Ellsworth Growth and Income Fund has a 52-week low of $8.51 and a 52-week high of $15.37.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. acquired a new position in Ellsworth Growth and Income Fund in the 1st quarter worth approximately $4,172,000. Guggenheim Capital LLC grew its holdings in Ellsworth Growth and Income Fund by 35.8% in the first quarter. Guggenheim Capital LLC now owns 84,404 shares of the investment management company’s stock valued at $894,000 after purchasing an additional 22,240 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of Ellsworth Growth and Income Fund during the first quarter worth about $200,000. UBS Group AG lifted its holdings in Ellsworth Growth and Income Fund by 116.2% in the 1st quarter. UBS Group AG now owns 55,643 shares of the investment management company’s stock valued at $589,000 after purchasing an additional 29,911 shares in the last quarter. Finally, Quantedge Capital Pte Ltd acquired a new stake in shares of Ellsworth Growth and Income Fund in the 1st quarter worth $178,000. 30.02% of the stock is currently owned by hedge funds and other institutional investors.

About Ellsworth Growth and Income Fund (Get Rating)

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.

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Dividend History for Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF)

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