Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) announced a monthly dividend on Friday, May 8th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1176 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 22.2%. The ex-dividend date is Tuesday, September 15th.
Cornerstone Total Return Fund Price Performance
CRF opened at $6.37 on Friday. The firm has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $7.06. Cornerstone Total Return Fund has a fifty-two week low of $6.30 and a fifty-two week high of $8.25.
About Cornerstone Total Return Fund
Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.
The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.
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