Bancroft Fund Ltd. (NYSEAMERICAN:BCV) Plans Quarterly Dividend of $0.32

Bancroft Fund Ltd. (NYSEAMERICAN:BCV – Get Rating) announced a quarterly dividend on Tuesday, May 17th, Wall Street Journal reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.32 per share by the financial services provider on Thursday, June 23rd. This represents a $1.28 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Tuesday, June 14th.

Bancroft Fund has increased its dividend payment by an average of 19.8% annually over the last three years.

Shares of BCV stock opened at $19.03 on Wednesday. Bancroft Fund has a twelve month low of $18.07 and a twelve month high of $33.58.

Several hedge funds and other institutional investors have recently bought and sold shares of BCV. Atria Wealth Solutions Inc. purchased a new stake in shares of Bancroft Fund during the 1st quarter worth about $254,000. UBS Group AG boosted its stake in shares of Bancroft Fund by 375.6% during the 1st quarter. UBS Group AG now owns 10,473 shares of the financial services provider’s stock valued at $239,000 after buying an additional 8,271 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Bancroft Fund by 25.3% during the 1st quarter. NewEdge Advisors LLC now owns 30,200 shares of the financial services provider’s stock valued at $688,000 after buying an additional 6,100 shares during the last quarter. Raymond James & Associates raised its position in shares of Bancroft Fund by 4.2% during the 1st quarter. Raymond James & Associates now owns 38,987 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 1,563 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Bancroft Fund by 8.5% during the 4th quarter. Wells Fargo & Company MN now owns 102,608 shares of the financial services provider’s stock valued at $2,712,000 after acquiring an additional 8,000 shares in the last quarter. 20.36% of the stock is owned by institutional investors.

Bancroft Fund Company Profile (Get Rating)

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

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