Flaherty & Crumrine Total Return Fund Inc. (FLC) to Issue Monthly Dividend of $0.08 on November 30th

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Thursday, October 19th, NASDAQ reports. Shareholders of record on Wednesday, November 22nd will be given a dividend of 0.0835 per share on Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date is Tuesday, November 21st.

Flaherty & Crumrine Total Return Fund has increased its dividend by an average of 0.2% annually over the last three years.

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock opened at $14.21 on Friday. The business has a 50-day simple moving average of $13.44 and a two-hundred day simple moving average of $13.98. Flaherty & Crumrine Total Return Fund has a 52-week low of $12.62 and a 52-week high of $18.07.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 15.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,845 shares of the company’s stock valued at $155,000 after purchasing an additional 1,338 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 28.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock valued at $203,000 after purchasing an additional 2,241 shares during the period. NewEdge Advisors LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 2nd quarter valued at approximately $205,000. HighTower Advisors LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at approximately $210,000. Finally, Money Concepts Capital Corp bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at approximately $234,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.