Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Raises Dividend to $0.12 Per Share

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, November 3rd. Investors of record on Thursday, January 15th will be paid a dividend of 0.1176 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 0.7% increase from Cornerstone Total Return Fund’s previous monthly dividend of $0.12.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF opened at $8.11 on Tuesday. The stock’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.93. Cornerstone Total Return Fund has a 52-week low of $5.81 and a 52-week high of $9.12.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.