StockNews.AI
ECF
StockNews.AI
5 hrs

Ellsworth Growth and Income Fund Ltd. Increases Annual Distribution 20% to $0.76 From $0.64

1. ECF increased quarterly distribution to $0.19 per share. 2. This is a 20% increase from previous $0.16 per share. 3. Annualized distribution rate rises to $0.76 from $0.64. 4. Increase reflects 18% NAV total return year to date. 5. Fund focuses on convertible securities and common stocks.

3m saved
Insight
Article

FAQ

Why Bullish?

The increase in distributions typically signals financial health and management confidence. Historical instances of dividend increases have often led to positive stock price movements.

How important is it?

The dividend increase directly impacts investor sentiment and perceived value of ECF shares. A strong NAV total return signifies good underlying asset performance, enhancing attractiveness to current and potential investors.

Why Short Term?

Distributions and news of increases generally yield immediate investor response. This is evidenced by past increases leading to quick price adjustments.

Related Companies

GAMI
RYE, N.Y., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) increased the quarterly distribution to $0.19 per share. The increased quarterly distributions will commence with the distribution payable in December 2025. This is a 20% increase from $0.16 per share, bringing the annualized distribution rate to $0.76 from $0.64 per share. The increase reflects the strength of the Fund’s NAV total return of 18% year to date. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call: Bethany Uhlein(914) 921-5546 About Ellsworth Growth and Income Fund Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $199 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long-term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). NYSE American: ECFCUSIP – 289074106 ELLSWORTH GROWTH AND INCOME FUND LTD.Investor Relations Contact:Bethany Uhlein914.921.5546buhlein@gabelli.com

Related News