Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: Newsfilter
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a $0.16 per share cash distribution, a 23% increase from the previous quarter, payable on June 23, 2025, to shareholders of record by June 13, 2025, following a strong market return of 27% in 2024.
Tax Implications and Fund Overview: The distribution may include long-term capital gains or qualified dividends, with potential tax implications for shareholders; the Fund, managed by Gabelli Funds, focuses on convertible securities and common stock, aiming for income and capital appreciation.
Analyst Views on ECF
Wall Street analysts forecast ECF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ECF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About ECF
Ellsworth Growth and Income Fund Ltd. is a diversified closed-end, diversified management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which 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 invests primarily in convertible and equity securities. The Fund's portfolio includes sectors, such as healthcare, financial services, computer software and services, energy and utilities, real estate investment trusts, semiconductors, telecommunications, business services, diversified industrial, food and beverage, communications equipment, consumer products, transportation, consumer services, cable and satellite, computer hardware, automotive, wireless communications, agriculture and entertainment. Gabelli Funds, LLC is the investment advisor of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
