Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, May 13th, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.1985 per share by the investment management company on Friday, August 30th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 20.03%. The ex-dividend date is Wednesday, August 14th.
Cornerstone Total Return Fund has decreased its dividend payment by an average of 26.6% annually over the last three years.
Shares of NYSEAMERICAN:CRF traded down $0.15 on Monday, reaching $11.89. The company had a trading volume of 587,516 shares, compared to its average volume of 247,321. Cornerstone Total Return Fund has a twelve month low of $9.11 and a twelve month high of $15.22.
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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