Cornerstone Total Return Fund Inc (NYSEMKT:CRF) declared a monthly dividend on Monday, November 13th, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.2301 per share by the investment management company on Wednesday, January 31st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 18.48%. The ex-dividend date of this dividend is Friday, January 12th.
Shares of Cornerstone Total Return Fund (NYSEMKT CRF) traded down $0.03 during trading hours on Monday, hitting $14.94. 354,141 shares of the company were exchanged, compared to its average volume of 181,243. Cornerstone Total Return Fund has a 12-month low of $13.62 and a 12-month high of $16.98.
About Cornerstone Total Return Fund
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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