Cornerstone Strategic Value Fund Inc. (CLM) Increases Dividend to $0.24 Per Share
Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, November 13th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.2365 per share by the investment management company on Friday, March 30th. This represents a $2.84 annualized dividend and a dividend yield of 17.83%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Cornerstone Strategic Value Fund’s previous monthly dividend of $0.23.
Cornerstone Strategic Value Fund (CLM) opened at $15.92 on Tuesday. Cornerstone Strategic Value Fund has a 1-year low of $13.10 and a 1-year high of $17.21.
In related news, Director Richard Savage sold 80,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $1.00, for a total transaction of $80,000.00.
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Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.
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