Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, May 14th, Wall Street Journal reports. Shareholders of record on Friday, August 17th will be given a dividend of 0.2301 per share by the investment management company on Friday, August 31st. This represents a $2.76 dividend on an annualized basis and a yield of 19.15%. The ex-dividend date of this dividend is Thursday, August 16th.
Cornerstone Total Return Fund has decreased its dividend by an average of 13.1% per year over the last three years.
NYSEAMERICAN:CRF opened at $14.42 on Wednesday. Cornerstone Total Return Fund has a fifty-two week low of $13.42 and a fifty-two week high of $16.22.
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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