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

Key Points

• Cornerstone Total Return Fund announced a monthly dividend of $0.1176 per share (about $0.12) for shareholders of record on March 16, payable March 31, with an ex-dividend date of March 16.
• The distribution implies an annualized yield of 19.5% based on the fund's payout metrics.
• Cornerstone is a diversified closed-end fund investing in convertibles, high-yield corporate debt, bank loans and equities, trading on NYSE American (recently opened at $7.22 with a 12‑month range of $5.81–$8.25).

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Monday, March 16th will be given a dividend of 0.1176 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 19.5%. The ex-dividend date of this dividend is Monday, March 16th.

Cornerstone Total Return Fund Stock Performance

Cornerstone Total Return Fund stock opened at $7.22 on Friday. Cornerstone Total Return Fund has a 12-month low of $5.81 and a 12-month high of $8.25. The firm has a 50-day moving average price of $7.66 and a 200-day moving average price of $7.86.

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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