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

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, February 13th. Shareholders of record on Monday, June 15th will be given 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 yield of 19.4%. The ex-dividend date of this dividend is Monday, June 15th.

Cornerstone Strategic Investment Fund Stock Down 0.1%

CLM stock traded down $0.01 during trading on Friday, hitting $7.51. 4,584,556 shares of the company’s stock traded hands, compared to its average volume of 1,385,993. Cornerstone Strategic Investment Fund has a 52 week low of $6.92 and a 52 week high of $8.53. The stock has a fifty day moving average price of $7.54 and a two-hundred day moving average price of $7.83.

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.