Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Increases Dividend to $0.12 Per Share

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.1176 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 17.4%. The ex-dividend date is Thursday, January 15th. This is a 0.7% increase from Cornerstone Total Return Fund’s previous monthly dividend of $0.12.

Cornerstone Total Return Fund Stock Performance

Shares of CRF opened at $8.11 on Tuesday. Cornerstone Total Return Fund has a one year low of $5.81 and a one year high of $9.12. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $7.93.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.