Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.1985 per share by the investment management company on Friday, May 31st. This represents a $2.38 annualized dividend and a yield of 19.88%. The ex-dividend date of this dividend is Tuesday, May 14th.
Cornerstone Total Return Fund has decreased its dividend payment by an average of 26.6% per year over the last three years.
CRF traded up $0.01 on Monday, hitting $11.98. 311,733 shares of the company’s stock were exchanged, compared to its average volume of 250,058. Cornerstone Total Return Fund has a fifty-two week low of $9.11 and a fifty-two week high of $15.97.
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Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.
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