Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, May 13th, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.1985 per share by the investment management company on Friday, August 30th. This represents a $2.38 annualized dividend and a dividend yield of 20.80%. The ex-dividend date of this dividend is Wednesday, August 14th.
Cornerstone Total Return Fund has decreased its dividend by an average of 26.6% annually over the last three years.
CRF stock opened at $11.45 on Tuesday. Cornerstone Total Return Fund has a fifty-two week low of $9.11 and a fifty-two week high of $14.44.
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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