Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Increases Dividend to $0.09 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Friday, April 19th, Wall Street Journal reports. Investors of record on Friday, June 21st will be given a dividend of 0.0897 per share on Friday, June 28th. This represents a $1.08 annualized dividend and a dividend yield of 7.36%. The ex-dividend date is Friday, June 21st. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Flaherty & Crumrine Total Return Fund Trading Up 0.1 %

NYSE:FLC opened at $14.62 on Friday. Flaherty & Crumrine Total Return Fund has a one year low of $12.62 and a one year high of $15.50. The business’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $14.49.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its stake in shares of Flaherty & Crumrine Total Return Fund by 0.9% in the third quarter. LPL Financial LLC now owns 117,867 shares of the company’s stock worth $1,614,000 after acquiring an additional 998 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Flaherty & Crumrine Total Return Fund by 15.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,845 shares of the company’s stock valued at $155,000 after buying an additional 1,338 shares in the last quarter. HighTower Advisors LLC raised its stake in Flaherty & Crumrine Total Return Fund by 11.2% during the first quarter. HighTower Advisors LLC now owns 14,850 shares of the company’s stock valued at $219,000 after buying an additional 1,500 shares in the last quarter. NewEdge Advisors LLC raised its stake in Flaherty & Crumrine Total Return Fund by 16.2% during the first quarter. NewEdge Advisors LLC now owns 15,450 shares of the company’s stock valued at $213,000 after buying an additional 2,150 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Flaherty & Crumrine Total Return Fund by 28.3% during the first quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock valued at $203,000 after buying an additional 2,241 shares in the last quarter.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.