Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) declared a monthly dividend on Monday, August 17th. Stockholders of record on Tuesday, December 15th will be paid a dividend of 0.1176 per share by the investment management company on Thursday, December 31st. This represents a c) annualized dividend and a dividend yield of 21.6%. The ex-dividend date of this dividend is Tuesday, December 15th.
Cornerstone Total Return Fund Trading Down 2.0%
NYSEAMERICAN:CRF opened at $6.53 on Wednesday. Cornerstone Total Return Fund has a one year low of $6.47 and a one year high of $8.25. The firm’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $7.20.
Cornerstone Total Return Fund Company Profile
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.
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