Ellsworth Growth and Income Fund Ltd. (ECF)
Financial Services · ASE
Fundamentals
Valuation and ratings
Ellsworth Growth and Income Fund Ltd. trades at USD12.49, which is 115% below the USD26.86 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 70 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 3.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ECF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.380 | 2 |
| 2025 | USD0.860 | 4 |
| 2024 | USD0.530 | 4 |
| 2023 | USD0.520 | 4 |
| 2022 | USD0.520 | 4 |
| 2021 | USD1.50 | 4 |
| 2020 | USD1.33 | 4 |
| 2019 | USD0.780 | 4 |
| 2018 | USD0.500 | 4 |
| 2017 | USD0.440 | 4 |
| 2016 | USD0.440 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Ellsworth Growth and Income Fund Ltd.
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. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index. It was formerly known as Ellsworth Fund Ltd. Ellsworth Growth and Income Fund Ltd. was formed on June 27, 1986 and is domiciled in the United States.
ECF passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Ellsworth Growth and Income Fund Ltd. (ECF) undervalued?
Against our discounted cash flow estimate of USD26.86, ECF at USD12.49 is 115% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ECF's P/E ratio?
ECF trades at 3.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Ellsworth Growth and Income Fund Ltd. (ECF) pay a dividend?
Yes. Ellsworth Growth and Income Fund Ltd. yields 7.68% at the current share price. It has paid USD0.950 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.