Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on May 29th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Friday, February 13th. Investors of record on Friday, May 15th will be given a dividend of 0.1215 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 18.8%. The ex-dividend date is Friday, May 15th.

Cornerstone Strategic Investment Fund Trading Up 0.2%

CLM stock opened at $7.76 on Wednesday. Cornerstone Strategic Investment Fund has a 12-month low of $6.92 and a 12-month high of $8.53. The company has a 50 day moving average of $7.44 and a two-hundred day moving average of $7.93.

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.