Ellsworth Growth and Income Fund Ltd. Plans Dividend of $0.14 (NYSE:ECF)

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) declared a dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.14 per share on Monday, December 30th. The ex-dividend date of this dividend is Friday, November 22nd.

Ellsworth Growth and Income Fund has decreased its dividend payment by an average of 26.9% annually over the last three years.

Ellsworth Growth and Income Fund Stock Down 1.3 %

Shares of Ellsworth Growth and Income Fund stock traded down $0.13 during trading on Thursday, hitting $9.53. The company’s stock had a trading volume of 26,675 shares, compared to its average volume of 46,900. Ellsworth Growth and Income Fund has a 52 week low of $7.53 and a 52 week high of $9.86. The company has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $8.58.

Insider Transactions at Ellsworth Growth and Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 3,302 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $8.93 per share, for a total transaction of $29,486.86. Following the acquisition, the insider now directly owns 1,403,987 shares in the company, valued at approximately $12,537,603.91. The trade was a 0.24 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

About Ellsworth Growth and Income Fund

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