Ellsworth Growth and Income Fund Ltd. Plans Quarterly Dividend of $0.19 (NYSE:ECF)

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.19 per share on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, March 17th.

Ellsworth Growth and Income Fund Price Performance

ECF opened at $12.25 on Thursday. The business’s fifty day simple moving average is $12.04 and its 200 day simple moving average is $11.70. Ellsworth Growth and Income Fund has a 52 week low of $8.15 and a 52 week high of $12.65.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund, Inc (NYSE: ECF) is a closed-end management investment company whose primary objective is to provide shareholders with total return through a combination of capital appreciation and current income. The Fund pursues this objective by investing principally in common stocks of U.S. companies that the investment adviser believes are undervalued relative to their growth prospects and exhibited attractive dividend yields. To complement its equity holdings, the Fund may also allocate assets to convertible securities, preferred stocks and high-quality fixed-income instruments.

The Fund employs a bottom-up, stock-picking approach, seeking issuers across a broad range of sectors that offer favorable risk-reward dynamics.