Flaherty & Crumrine Total Return Fund Inc. Plans Monthly Dividend of $0.09 (NYSE:FLC)

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.0856 per share on Tuesday, April 30th. This represents a $1.03 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Monday, April 22nd.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of Flaherty & Crumrine Total Return Fund stock opened at $14.62 on Friday. The company’s fifty day moving average price is $15.09 and its two-hundred day moving average price is $14.48. Flaherty & Crumrine Total Return Fund has a 52-week low of $12.62 and a 52-week high of $15.50.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 15.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,845 shares of the company’s stock worth $155,000 after purchasing an additional 1,338 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 28.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock worth $203,000 after purchasing an additional 2,241 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth approximately $205,000. HighTower Advisors LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $210,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at $234,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.