Cornerstone Total Return Fund Inc (NYSEMKT:CRF) Plans $0.23 Monthly Dividend
Cornerstone Total Return Fund Inc (NYSEMKT:CRF) declared a monthly dividend on Monday, May 15th, Wall Street Journal reports. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.2289 per share by the investment management company on Thursday, August 31st. This represents a $2.75 dividend on an annualized basis and a yield of 18.98%. The ex-dividend date is Friday, August 11th.
Shares of Cornerstone Total Return Fund (CRF) traded up 0.35% during trading on Friday, reaching $14.47. 105,677 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $15.09 and a 200 day moving average price of $15.82. Cornerstone Total Return Fund has a 12-month low of $13.79 and a 12-month high of $17.65.
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Cornerstone Total Return Fund Company Profile
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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