Cornerstone Total Return Fund, Inc. Announces Dividend of $0.12 (NYSEAMERICAN:CRF)

Key Points

• Cornerstone Total Return Fund, Inc. announced a dividend of $0.12 per share, with an impressive dividend yield of 1,779.0%, payable on August 29th to investors of record on August 18th.
• The stock opened at $7.88 and has seen a fifty-two week range between $5.81 and $9.75, with recent movements indicating increased investor interest.
• Several hedge funds have raised their holdings in Cornerstone Total Return Fund, with the total ownership by hedge funds and institutional investors currently at 10.41%.

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Investors of record on Monday, August 18th will be given a dividend of 0.1168 per share by the investment management company on Friday, August 29th. This represents a yield of 1,779.0%. The ex-dividend date is Friday, August 15th.

Cornerstone Total Return Fund Trading Down 1.9%

NYSEAMERICAN:CRF traded down $0.15 during midday trading on Friday, reaching $7.77. 821,436 shares of the company traded hands, compared to its average volume of 807,399. Cornerstone Total Return Fund has a twelve month low of $5.81 and a twelve month high of $9.75. The company has a fifty day moving average price of $7.76 and a 200 day moving average price of $7.68.

Institutional Trading of Cornerstone Total Return Fund

Several institutional investors have recently modified their holdings of CRF. Red Tortoise LLC purchased a new position in Cornerstone Total Return Fund during the 2nd quarter valued at about $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Cornerstone Total Return Fund during the 4th quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cornerstone Total Return Fund by 902.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company's stock valued at $29,000 after acquiring an additional 3,357 shares during the last quarter. Anfield Capital Management LLC acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $52,000. Finally, Quarry LP increased its holdings in shares of Cornerstone Total Return Fund by 35.8% during the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company's stock valued at $61,000 after acquiring an additional 1,853 shares during the last quarter. Institutional investors and hedge funds own 10.41% of the company's stock.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.