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

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, August 17th. Investors of record on Thursday, October 15th will be paid a dividend of 0.1215 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 21.0%. The ex-dividend date is Thursday, October 15th.

Cornerstone Strategic Investment Fund Price Performance

CLM traded down $0.41 during trading on Monday, reaching $6.94. 8,599,047 shares of the stock traded hands, compared to its average volume of 2,104,930. The stock’s 50-day simple moving average is $7.46 and its two-hundred day simple moving average is $7.55. Cornerstone Strategic Investment Fund has a fifty-two week low of $6.88 and a fifty-two week 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.