Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) declared a monthly dividend on Friday, February 13th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1215 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 19.4%. The ex-dividend date of this dividend is Monday, June 15th.
Cornerstone Strategic Investment Fund Stock Performance
CLM traded down $0.01 during trading on Friday, hitting $7.51. The stock had a trading volume of 4,584,556 shares, compared to its average volume of 1,385,993. The company’s 50-day moving average price is $7.54 and its 200 day moving average price is $7.83. Cornerstone Strategic Investment Fund has a twelve month low of $6.92 and a twelve month high of $8.53.
Cornerstone Strategic Investment Fund Company Profile
Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.
The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.
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