Cornerstone Strategic Value Fund, Inc. (CLM) To Go Ex-Dividend on February 14th

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLMGet Free Report) declared a monthly dividend on Monday, November 6th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.1086 per share by the investment management company on Thursday, February 29th. This represents a $1.30 annualized dividend and a yield of 17.85%. The ex-dividend date of this dividend is Wednesday, February 14th.

Cornerstone Strategic Value Fund has decreased its dividend by an average of 12.8% per year over the last three years.

Cornerstone Strategic Value Fund Price Performance

NYSEAMERICAN:CLM opened at $7.30 on Monday. The stock’s 50-day simple moving average is $7.67. Cornerstone Strategic Value Fund has a 12-month low of $6.25 and a 12-month high of $8.84.

Hedge Funds Weigh In On Cornerstone Strategic Value Fund

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Cornerstone Strategic Value Fund by 20.4% in the 1st quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company’s stock worth $81,000 after buying an additional 975 shares in the last quarter. Stifel Financial Corp purchased a new position in Cornerstone Strategic Value Fund in the second quarter worth about $95,000. B. Riley Wealth Advisors Inc. bought a new stake in Cornerstone Strategic Value Fund during the fourth quarter worth approximately $121,000. Jane Street Group LLC purchased a new stake in Cornerstone Strategic Value Fund during the third quarter valued at approximately $123,000. Finally, PNC Financial Services Group Inc. bought a new stake in Cornerstone Strategic Value Fund in the fourth quarter worth $134,000.

Cornerstone Strategic Value Fund Company Profile

(Get Free Report)

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. 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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Dividend History for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

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