Flaherty & Crumrine Total Return Fund Inc. (FLC) to Issue Monthly Dividend of $0.10 on January 30th

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Thursday, December 11th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.1037 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, January 23rd.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE:FLC opened at $17.28 on Friday. The company has a 50-day moving average of $17.54 and a 200-day moving average of $17.29. Flaherty & Crumrine Total Return Fund has a twelve month low of $14.80 and a twelve month high of $17.93.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 185.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock worth $71,000 after acquiring an additional 2,724 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth about $181,000. PNC Financial Services Group Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund during the second quarter valued at about $180,000. Cetera Investment Advisers acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth about $199,000. Finally, Seven Mile Advisory acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth about $230,000.

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.