Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.1985 per share by the investment management company on Friday, June 28th. This represents a $2.38 annualized dividend and a dividend yield of 21.04%. The ex-dividend date is Thursday, June 13th.
Cornerstone Total Return Fund has decreased its dividend payment by an average of 26.6% per year over the last three years.
Shares of NYSEAMERICAN CRF traded up $0.04 during midday trading on Friday, hitting $11.32. The company’s stock had a trading volume of 184,795 shares, compared to its average volume of 273,744. Cornerstone Total Return Fund has a 1-year low of $9.11 and a 1-year high of $14.54.
Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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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