Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) to Issue $0.11 Monthly Dividend

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

Flaherty & Crumrine Total Return Fund Trading Down 0.7%

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 has a 50 day simple moving average of $16.83 and a two-hundred day simple moving average of $17.16.

Flaherty & Crumrine Total Return Fund Company Profile

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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.

Further Reading

Dividend History for Flaherty & Crumrine Total Return Fund (NYSE:FLC)

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