BCV

Weekly Report: what happened at BCV last week (1127-1201)?

Weekly Report: what happened at BCV last week (1120-1124)?

Weekly Report: what happened at BCV last week (1113-1117)?

Bancroft Fund declares $0.32 dividend

Bancroft fund declares $0.32 dividend nov. 16, 2023. Forward yield 8.54% payable dec. 28; for shareholders of record nov. 22; ex-div nov. 21. Bancrofts fund (nyse:bcv) is a buy-and-hold convertible bond fund.

Bancroft Fund: Dividend Insights

Bancroft fund will pay shareholders a quarterly dividend of 32 cents per share. The company's stock will go ex-dividend on tuesday. The stock will likely open 32 cents lower than it would on any other day. Monday is the last chance for investors to receive the next dividend payout.

Weekly Report: what happened at BCV last week (1106-1110)?

BCV And ECF: Convertible Bond Exposure, Offering Yield With Upside Potential

Convertible bonds offer yield as fixed-income investments but also potential upside through conversion into common stock. Higher interest rates are leading to more issuances of convertibles by higher-rated companies. Bancroft fund and ellsworth growth and income fund offer diversified exposure to convertible debt investments.

BCV: Stay On The Sidelines Until The Right Market Conditions

The bancroft fund is a closed-end fund that focuses on convertible securities for current income and capital appreciation. Current market conditions are not conducive for convertible bonds as both equity and fixed income markets remain in bear markets. The fund pays an attractive 8.9% forward distribution yield. The bcv fund is a convertibles-focused cef paying an 8.5% yield. I believe convertible bond funds like bcv will struggle until small-cap companies return to positive returns.