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) announced 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 dividend yield of 1,779.0%. The ex-dividend date is Friday, August 15th.

Cornerstone Total Return Fund Stock Performance

CRF stock opened at $7.88 on Tuesday. The company's 50 day moving average price is $7.74 and its 200 day moving average price is $7.69. Cornerstone Total Return Fund has a fifty-two week low of $5.81 and a fifty-two week high of $9.75.

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of hedge funds have recently modified their holdings of CRF. Mariner LLC lifted its holdings in Cornerstone Total Return Fund by 8.2% in the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock valued at $130,000 after acquiring an additional 1,134 shares during the period. Firethorn Wealth Partners LLC lifted its holdings in Cornerstone Total Return Fund by 4.9% in the second quarter. Firethorn Wealth Partners LLC now owns 29,957 shares of the investment management company's stock valued at $232,000 after acquiring an additional 1,397 shares during the period. Cetera Investment Advisers lifted its holdings in Cornerstone Total Return Fund by 3.3% in the second quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company's stock valued at $379,000 after acquiring an additional 1,551 shares during the period. Quarry LP lifted its holdings in Cornerstone Total Return Fund by 35.8% in the fourth 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 period. Finally, Oppenheimer & Co. Inc. lifted its holdings in Cornerstone Total Return Fund by 9.9% in the first quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company's stock valued at $159,000 after acquiring an additional 2,000 shares during the period. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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