Cornerstone Strategic Value Fund, Inc. Announces Monthly Dividend of $0.12 (NYSEAMERICAN:CLM)

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Wednesday, May 14th, Wall Street Journal reports. Investors of record on Monday, September 15th will be given a dividend of 0.1224 per share by the investment management company on Tuesday, September 30th. This represents a $1.47 dividend on an annualized basis and a yield of 20.01%. The ex-dividend date is Monday, September 15th.

Cornerstone Strategic Value Fund has raised its dividend by an average of 59.2% annually over the last three years.

Cornerstone Strategic Value Fund Stock Down 0.3%

Shares of CLM opened at $7.34 on Thursday. The business’s 50-day moving average is $7.22 and its two-hundred day moving average is $7.89. Cornerstone Strategic Value Fund has a fifty-two week low of $6.16 and a fifty-two week high of $9.30.

About Cornerstone Strategic Value Fund

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.