Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, November 12th, Wall Street Journal reports. Investors of record on Friday, February 15th will be given a dividend of 0.1985 per share by the investment management company on Thursday, February 28th. This represents a $2.38 dividend on an annualized basis and a yield of 19.88%. The ex-dividend date of this dividend is Thursday, February 14th.
Cornerstone Total Return Fund has decreased its dividend by an average of 26.6% annually over the last three years.
CRF opened at $11.98 on Friday. Cornerstone Total Return Fund has a twelve month low of $9.11 and a twelve month high of $15.97.
About Cornerstone Total Return Fund
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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