Cornerstone Strategic Value Fund Inc. (NYSEMKT:CLM) to Issue Monthly Dividend of $0.23
Cornerstone Strategic Value Fund Inc. (NYSEMKT:CLM) declared a monthly dividend on Monday, August 14th, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.2326 per share by the investment management company on Tuesday, October 31st. This represents a $2.79 annualized dividend and a dividend yield of 19.11%. The ex-dividend date is Thursday, October 12th.
Cornerstone Strategic Value Fund (CLM) traded up 0.240% on Monday, reaching $14.605. The company’s stock had a trading volume of 399,895 shares. The company’s 50 day moving average price is $15.21 and its 200-day moving average price is $15.85. Cornerstone Strategic Value Fund has a 12-month low of $13.75 and a 12-month high of $17.27.
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About Cornerstone Strategic Value Fund
Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.
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