Cornerstone Total Return Fund, Inc. (CRF) to Issue Monthly Dividend of $0.10 on February 29th

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Free Report) announced a monthly dividend on Tuesday, November 7th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.1037 per share by the investment management company on Thursday, February 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 17.14%. The ex-dividend date of this dividend is Wednesday, February 14th.

Cornerstone Total Return Fund has decreased its dividend payment by an average of 13.2% per year over the last three years.

Cornerstone Total Return Fund Stock Up 0.3 %

Shares of NYSEAMERICAN CRF opened at $7.26 on Monday. Cornerstone Total Return Fund has a 52-week low of $6.05 and a 52-week high of $8.56. The firm’s 50 day moving average price is $7.26.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRF. Raymond James & Associates increased its position in Cornerstone Total Return Fund by 15.2% during the first quarter. Raymond James & Associates now owns 108,182 shares of the investment management company’s stock worth $1,505,000 after buying an additional 14,258 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Cornerstone Total Return Fund by 20.0% in the first quarter. Private Advisor Group LLC now owns 20,713 shares of the investment management company’s stock valued at $288,000 after purchasing an additional 3,454 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Cornerstone Total Return Fund by 534.9% in the first quarter. Centaurus Financial Inc. now owns 95,634 shares of the investment management company’s stock valued at $1,330,000 after purchasing an additional 80,571 shares during the last quarter. UBS Group AG bought a new position in shares of Cornerstone Total Return Fund in the first quarter valued at about $47,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the 1st quarter worth about $2,168,000. 11.96% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Company Profile

(Get Free Report)

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. 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.

See Also

Dividend History for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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