Cornerstone Strategic Value Fund Inc. (NYSEMKT:CLM) announced a monthly dividend on Monday, August 14th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.2326 per share by the investment management company on Thursday, November 30th. This represents a $2.79 annualized dividend and a dividend yield of 18.47%. The ex-dividend date is Tuesday, November 14th.
Shares of Cornerstone Strategic Value Fund (NYSEMKT CLM) opened at $15.11 on Monday. Cornerstone Strategic Value Fund has a one year low of $13.90 and a one year high of $17.21.
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About Cornerstone Strategic Value Fund
Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.
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