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

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

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock opened at $16.73 on Friday. Flaherty & Crumrine Total Return Fund has a 12-month low of $15.89 and a 12-month high of $18.09. The firm has a 50-day moving average price of $16.83 and a 200-day moving average price of $17.16.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock valued at $292,000 after buying an additional 629 shares in the last quarter. Wells Fargo & Company MN grew its stake in Flaherty & Crumrine Total Return Fund by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock worth $394,000 after acquiring an additional 1,967 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after acquiring an additional 2,002 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth approximately $57,000. Finally, Invesco Ltd. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after acquiring an additional 3,386 shares in the last quarter.

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.