Cornerstone Total Return Fund Inc (CRF) Declares $0.20 Monthly Dividend
Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.1985 per share by the investment management company on Tuesday, April 30th. This represents a $2.38 annualized dividend and a yield of 19.88%. The ex-dividend date is Friday, April 12th.
Cornerstone Total Return Fund has decreased its dividend payment by an average of 26.6% per year over the last three years.
CRF stock traded up $0.01 during midday trading on Monday, hitting $11.98. 311,733 shares of the company’s stock were exchanged, compared to its average volume of 250,058. Cornerstone Total Return Fund has a 12-month low of $9.11 and a 12-month high of $15.97.
About Cornerstone Total Return Fund
Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.
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