Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) to Issue Quarterly Dividend of $0.22

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.22 per share by the investment management company on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Wednesday, September 16th. This is a 15.8% increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19.

Ellsworth Growth and Income Fund Trading Up 2.5%

NYSEAMERICAN:ECF opened at $13.00 on Thursday. The stock has a 50 day moving average of $12.77 and a two-hundred day moving average of $12.36. Ellsworth Growth and Income Fund has a 12 month low of $10.60 and a 12 month high of $13.85.

Institutional Trading of Ellsworth Growth and Income Fund

Several large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its holdings in Ellsworth Growth and Income Fund by 4.9% in the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after purchasing an additional 43,839 shares in the last quarter. K2 Principal Fund L.P. grew its holdings in shares of Ellsworth Growth and Income Fund by 3.5% during the fourth quarter. K2 Principal Fund L.P. now owns 24,619 shares of the investment management company’s stock worth $286,000 after buying an additional 834 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Ellsworth Growth and Income Fund by 7.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 199,783 shares of the investment management company’s stock worth $2,323,000 after buying an additional 13,974 shares in the last quarter. Beckerman Institutional LLC acquired a new stake in shares of Ellsworth Growth and Income Fund in the second quarter valued at about $169,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Ellsworth Growth and Income Fund in the second quarter valued at about $28,000. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund (NYSEAMERICAN: ECF) is a closed-end management investment company that seeks to provide investors with a combination of capital appreciation and current income. The fund pursues its objectives by investing primarily in a diversified portfolio of common stocks of U.S. companies that pay dividends and exhibit long-term growth potential. To complement its equity holdings, the fund may also invest in preferred stocks, convertible securities and other income-oriented instruments.

ECF’s investment strategy emphasizes a disciplined, research-driven approach.