Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) Announces $0.12 Monthly Dividend

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Friday, May 8th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1215 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 19.1%. The ex-dividend date is Wednesday, July 15th.

Cornerstone Strategic Investment Fund Stock Performance

CLM opened at $7.63 on Monday. The company has a fifty day moving average price of $7.55 and a 200-day moving average price of $7.72. Cornerstone Strategic Investment Fund has a one year low of $6.92 and a one year high of $8.53.

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.