Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, August 13th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.2365 per share by the investment management company on Monday, December 31st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 23.09%. The ex-dividend date is Thursday, December 13th.

Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 15.4% annually over the last three years.

Shares of NYSEAMERICAN CLM opened at $12.29 on Friday. Cornerstone Strategic Value Fund has a 1-year low of $11.27 and a 1-year high of $16.24.

In related news, Director Scott B. Rogers purchased 7,500 shares of Cornerstone Strategic Value Fund stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average price of $12.43 per share, with a total value of $93,225.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TRADEMARK VIOLATION WARNING: “Cornerstone Strategic Value Fund Inc. Plans Monthly Dividend of $0.24 (CLM)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/cornerstone-strategic-value-fund-inc-plans-monthly-dividend-of-0-24-clm/2670419.html.

Cornerstone Strategic Value Fund Company Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.

Read More: Rule of 72

Dividend History for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

Receive News & Ratings for Cornerstone Strategic Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Strategic Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.