Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.74 and traded as low as $16.24. Flaherty & Crumrine Total Return Fund shares last traded at $16.26, with a volume of 36,012 shares trading hands.
Flaherty & Crumrine Total Return Fund Price Performance
The company’s 50-day moving average is $16.72 and its 200-day moving average is $16.89.
Flaherty & Crumrine Total Return Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.1067 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, October 23rd.
Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund
About Flaherty & Crumrine Total Return Fund
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.
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