Cornerstone Strategic Investment Fund, Inc. Announces Monthly Dividend of $0.12 (NYSEAMERICAN:CLM)

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Monday, March 16th will be paid a dividend of 0.1215 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 19.5%. The ex-dividend date of this dividend is Monday, March 16th.

Cornerstone Strategic Investment Fund Stock Performance

Shares of CLM opened at $7.49 on Friday. The business has a 50-day moving average of $8.01 and a 200-day moving average of $8.17. Cornerstone Strategic Investment Fund has a 1 year low of $6.16 and a 1 year high of $8.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CLM. Spire Wealth Management bought a new stake in shares of Cornerstone Strategic Investment Fund in the 4th quarter valued at $30,000. Arax Advisory Partners raised its stake in Cornerstone Strategic Investment Fund by 94.0% during the fourth quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock worth $31,000 after buying an additional 1,808 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Cornerstone Strategic Investment Fund during the third quarter worth $46,000. Assetmark Inc. lifted its holdings in Cornerstone Strategic Investment Fund by 303.9% in the fourth quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock valued at $67,000 after buying an additional 5,989 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cornerstone Strategic Investment Fund in the second quarter valued at $81,000.

About Cornerstone Strategic Investment Fund

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.