Cornerstone Total Return Fund, Inc. Declares Monthly Dividend of $0.12 (NYSEAMERICAN:CRF)

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Friday, February 13th. Investors of record on Friday, May 15th will be given a dividend of 0.1176 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 19.1%. The ex-dividend date of this dividend is Friday, May 15th.

Cornerstone Total Return Fund Stock Up 1.1%

CRF stock opened at $7.38 on Wednesday. Cornerstone Total Return Fund has a 1 year low of $6.56 and a 1 year high of $8.25. The stock’s 50 day moving average price is $7.14 and its 200 day moving average price is $7.61.

About Cornerstone Total Return Fund

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.