Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) announced a monthly dividend on Friday, July 20th, Wall Street Journal reports. Shareholders of record on Friday, August 24th will be paid a dividend of 0.119 per share on Friday, August 31st. This represents a $1.43 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date is Thursday, August 23rd.
Flaherty & Crumrine Total Return Fd has decreased its dividend by an average of 1.5% per year over the last three years.
Flaherty & Crumrine Total Return Fd traded up $0.04, reaching $19.47, on Friday, according to Marketbeat.com. The stock had a trading volume of 20,383 shares, compared to its average volume of 32,047. Flaherty & Crumrine Total Return Fd has a 12-month low of $19.07 and a 12-month high of $22.00.
Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.
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