班克罗夫特基金有限公司（纽约证券交易所美国股票代码：BCV）将发行0.32美元的季度股息

Bancroft Fund Ltd. (NYSEAMERICAN:BCV – Get Rating) announced a quarterly dividend on Wednesday, February 22nd, Wall Street Journal reports. Shareholders of record on Friday, March 17th will be paid a dividend of 0.32 per share by the financial services provider on Friday, March 24th. This represents a $1.28 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Thursday, March 16th.

Bancroft Fund has decreased its dividend payment by an average of 9.4% annually over the last three years.

Bancroft Fund Stock Up 0.7 %

Shares of BCV stock opened at $17.19 on Wednesday. Bancroft Fund has a 12 month low of $16.01 and a 12 month high of $23.34.

Institutional Trading of Bancroft Fund

A number of hedge funds and other institutional investors have recently modified their holdings of BCV. Logan Stone Capital LLC purchased a new position in Bancroft Fund during the fourth quarter valued at $276,000. Morgan Stanley increased its holdings in Bancroft Fund by 2.5% in the 4th quarter. Morgan Stanley now owns 193,476 shares of the financial services provider's stock valued at $3,169,000 after acquiring an additional 4,670 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Bancroft Fund in the 4th quarter valued at $305,000. Raymond James & Associates increased its holdings in Bancroft Fund by 2.4% in the 4th quarter. Raymond James & Associates now owns 34,397 shares of the financial services provider's stock valued at $563,000 after acquiring an additional 798 shares during the last quarter. Finally, UBS Group AG increased its holdings in Bancroft Fund by 69.7% in the 4th quarter. UBS Group AG now owns 73,946 shares of the financial services provider's stock valued at $1,211,000 after acquiring an additional 30,381 shares during the last quarter. 17.75% of the stock is owned by hedge funds and other institutional investors.

About Bancroft Fund

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Bancroft Fund Ltd. (NYSE MKT: BCV) operates as a closed-end, diversified management company and invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

Further Reading

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