Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, May 13th, Wall Street Journal reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.1985 per share by the investment management company on Wednesday, July 31st. This represents a $2.38 dividend on an annualized basis and a yield of 20.03%. The ex-dividend date of this dividend is Friday, July 12th.
Cornerstone Total Return Fund has decreased its dividend payment by an average of 26.6% annually over the last three years.
Shares of NYSEAMERICAN CRF opened at $11.89 on Tuesday. Cornerstone Total Return Fund has a one year low of $9.11 and a one year high of $15.22.
Cornerstone Total Return Fund Company Profile
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.
Further Reading: Growth Stocks, What They Are, What They Are Not
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