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| Bancroft Fund's Series A Preferred Shares Cross 5.5% Yield MarkBy Preferred Stock Channel Staff, Tuesday, March 19, 2:50 PM ET
In trading on Tuesday, shares of Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares (AMEX:BCV.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3438), with shares changing hands as low as $23.47 on the day. This compares to an average yield of 5.70% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, BCV.PRA was trading at a 2.12% discount to its liquidation preference amount, versus the average discount of 10.52% in the "ETFs & CEFs" category. The chart below shows the one year performance of BCV.PRA shares, versus BCV:
Below is a dividend history chart for BCV.PRA, showing historical dividend payments on Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Tuesday trading, Bancroft Fund Ltd.'s 5.375% Series A Cumulative Preferred Shares (AMEX:BCV.PRA) is currently off about 1.4% on the day, while the common shares (AMEX:BCV) are up about 0.3%.
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