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

Key Points

• Monthly dividend of $0.1176 per share declared for Cornerstone Total Return Fund, with shareholders of record (ex-dividend date) on April 15 and payment on April 30, implying a 19.7% dividend yield.
• Shares opened at $7.15 with a 50-day/200-day moving average of $7.24/$7.72 and a 12-month trading range of $6.30 to $8.25, giving context to the fund's current market price.
• CRF is a diversified, closed-end total-return fund that invests across convertible securities, high-yield corporate debt, bank loans and equities to pursue current income and capital appreciation, and it trades on the NYSE American since 1989.

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) declared a monthly dividend on Friday, February 13th. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.1176 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 19.7%. The ex-dividend date is Wednesday, April 15th.

Cornerstone Total Return Fund Price Performance

CRF opened at $7.15 on Monday. The company's 50 day moving average is $7.24 and its 200 day moving average is $7.72. Cornerstone Total Return Fund has a 12-month low of $6.30 and a 12-month high of $8.25.

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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