Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.2053 per share by the investment management company on Friday, May 31st. This represents a $2.46 annualized dividend and a yield of 19.96%. The ex-dividend date is Tuesday, May 14th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 13.7% annually over the last three years.
Shares of NYSEAMERICAN CLM traded up $0.02 during mid-day trading on Monday, reaching $12.34. 692,621 shares of the company were exchanged, compared to its average volume of 407,614. Cornerstone Strategic Value Fund has a 52 week low of $9.31 and a 52 week high of $16.01.
About Cornerstone Strategic Value Fund
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
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