Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) announced a monthly dividend on Friday, February 13th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1176 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 19.7%. The ex-dividend date is Monday, June 15th.
Cornerstone Total Return Fund Trading Down 0.3%
Shares of NYSEAMERICAN CRF traded down $0.02 during mid-day trading on Friday, hitting $7.16. 3,275,829 shares of the company traded hands, compared to its average volume of 954,133. Cornerstone Total Return Fund has a 1 year low of $6.56 and a 1 year high of $8.25. The business has a 50 day moving average of $7.21 and a two-hundred day moving average of $7.50.
Cornerstone Total Return Fund Company Profile
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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