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

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, May 8th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1215 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date of this dividend is Friday, August 14th.

Cornerstone Strategic Investment Fund Price Performance

Shares of NYSEAMERICAN CLM opened at $7.55 on Wednesday. The firm has a fifty day moving average of $7.47 and a 200 day moving average of $7.57. Cornerstone Strategic Investment Fund has a one year low of $6.92 and a one year high of $8.53.

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.