Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) to Issue Monthly Dividend of $0.12

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Friday, May 8th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.1176 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 19.4%. The ex-dividend date is Wednesday, July 15th.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $7.28 on Monday. Cornerstone Total Return Fund has a 12 month low of $6.56 and a 12 month high of $8.25. The company has a 50 day simple moving average of $7.20 and a two-hundred day simple moving average of $7.38.

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.