Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) declared a monthly dividend on Friday, May 8th. Investors of record on Friday, August 14th will be given a dividend of 0.1176 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 19.4%. The ex-dividend date is Friday, August 14th.
Cornerstone Total Return Fund Trading Up 0.6%
Shares of CRF stock opened at $7.26 on Wednesday. Cornerstone Total Return Fund has a 52 week low of $6.56 and a 52 week high of $8.25. The company’s fifty day simple moving average is $7.13 and its two-hundred day simple moving average is $7.24.
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.
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