Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) announced a monthly dividend on Wednesday, May 14th, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.1168 per share by the investment management company on Tuesday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 19.48%. The ex-dividend date of this dividend is Monday, September 15th.
Cornerstone Total Return Fund has raised its dividend payment by an average of 46.3% annually over the last three years.
Cornerstone Total Return Fund Price Performance
NYSEAMERICAN:CRF traded up $0.14 on Monday, reaching $7.20. 899,337 shares of the company's stock traded hands, compared to its average volume of 972,293. Cornerstone Total Return Fund has a 12 month low of $5.81 and a 12 month high of $9.75. The stock has a 50-day simple moving average of $6.96 and a 200-day simple moving average of $7.94.
About Cornerstone Total Return Fund
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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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