Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on March 31st

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, November 3rd. Investors of record on Monday, March 16th will be given a dividend of 0.1215 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 19.5%. The ex-dividend date of this dividend is Monday, March 16th.

Cornerstone Strategic Investment Fund Price Performance

CLM stock opened at $7.49 on Friday. Cornerstone Strategic Investment Fund has a twelve month low of $6.16 and a twelve month high of $8.53. The company’s 50 day moving average is $8.01 and its two-hundred day moving average is $8.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CLM. World Investment Advisors purchased a new stake in shares of Cornerstone Strategic Investment Fund during the 4th quarter worth approximately $164,000. Corient Private Wealth LLC purchased a new position in Cornerstone Strategic Investment Fund in the 4th quarter valued at approximately $127,000. NWF Advisory Services Inc. purchased a new position in Cornerstone Strategic Investment Fund in the 4th quarter valued at approximately $104,000. EP Wealth Advisors LLC acquired a new position in Cornerstone Strategic Investment Fund during the fourth quarter worth $240,000. Finally, NewEdge Advisors LLC boosted its position in Cornerstone Strategic Investment Fund by 33.4% during the fourth quarter. NewEdge Advisors LLC now owns 16,919 shares of the investment management company’s stock worth $141,000 after purchasing an additional 4,237 shares in the last quarter.

About Cornerstone Strategic Investment Fund

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.