Flaherty & Crumrine Total Return Fund Inc. (FLC) to Distribute Monthly Dividend of $0.11 on October 30th

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, July 22nd. Investors of record on Friday, October 23rd will be paid a dividend of 0.1067 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of Flaherty & Crumrine Total Return Fund stock opened at $16.73 on Friday. Flaherty & Crumrine Total Return Fund has a 1 year low of $15.89 and a 1 year high of $18.09. The company’s fifty day moving average is $16.83 and its two-hundred day moving average is $17.16.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FLC. Hennion & Walsh Asset Management Inc. raised its stake in Flaherty & Crumrine Total Return Fund by 57.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock valued at $2,779,000 after acquiring an additional 57,626 shares during the last quarter. Sit Investment Associates Inc. grew its stake in shares of Flaherty & Crumrine Total Return Fund by 6.9% in the 4th quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock valued at $18,185,000 after purchasing an additional 66,761 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at approximately $789,000. Fiera Capital Corp increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 114.4% in the fourth quarter. Fiera Capital Corp now owns 70,401 shares of the company’s stock valued at $1,232,000 after purchasing an additional 37,558 shares during the period. Finally, Noble Wealth Management PBC increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the second quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock valued at $3,815,000 after purchasing an additional 8,257 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.