Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) to Issue $0.68 — Dividend

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) declared a — dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.68 per share on Thursday, December 19th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Friday, November 29th.

Eagle Capital Growth Fund has decreased its dividend payment by an average of 14.0% annually over the last three years.

Eagle Capital Growth Fund Trading Up 4.6 %

GRF traded up $0.46 during trading on Tuesday, hitting $10.36. The stock had a trading volume of 9,190 shares, compared to its average volume of 3,535. Eagle Capital Growth Fund has a 12 month low of $7.93 and a 12 month high of $10.36.

Insiders Place Their Bets

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 4,069 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was acquired at an average cost of $9.75 per share, with a total value of $39,672.75. Following the completion of the purchase, the chief financial officer now directly owns 191,673 shares in the company, valued at approximately $1,868,811.75. This represents a 2.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 7,615 shares of company stock worth $73,705 in the last ninety days.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.