Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) announced a monthly dividend on Friday, February 13th. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.1215 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 19.6%. The ex-dividend date of this dividend is Wednesday, April 15th.
Cornerstone Strategic Investment Fund Stock Performance
Shares of NYSEAMERICAN:CLM opened at $7.42 on Monday. The firm has a 50 day moving average of $7.57 and a 200-day moving average of $8.04. Cornerstone Strategic Investment Fund has a 12 month low of $6.57 and a 12 month high of $8.53.
Cornerstone Strategic Investment Fund Company Profile
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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.
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