Flaherty & Crumrine Total Return Fund Inc. (FLC) To Go Ex-Dividend on June 21st

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Friday, April 19th, Wall Street Journal reports. Investors of record on Friday, June 21st will be given a dividend of 0.0897 per share on Friday, June 28th. This represents a $1.08 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Friday, June 21st. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.

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

NYSE FLC opened at $14.62 on Friday. The business has a fifty day simple moving average of $15.09 and a 200 day simple moving average of $14.50. Flaherty & Crumrine Total Return Fund has a 12 month low of $12.62 and a 12 month 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 stock. Morgan Stanley increased its position in shares of Flaherty & Crumrine Total Return Fund by 525.9% during the 4th quarter. Morgan Stanley now owns 72,385 shares of the company’s stock valued at $1,143,000 after purchasing an additional 60,820 shares during the last quarter. Royal Bank of Canada increased its position in shares of Flaherty & Crumrine Total Return Fund by 192.3% during the 2nd quarter. Royal Bank of Canada now owns 71,667 shares of the company’s stock valued at $1,030,000 after purchasing an additional 47,150 shares during the last quarter. UBS Group AG increased its position in shares of Flaherty & Crumrine Total Return Fund by 25.2% during the 1st quarter. UBS Group AG now owns 31,209 shares of the company’s stock valued at $622,000 after purchasing an additional 6,291 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Flaherty & Crumrine Total Return Fund by 66.3% during the 2nd quarter. Captrust Financial Advisors now owns 26,608 shares of the company’s stock valued at $382,000 after purchasing an additional 10,608 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Flaherty & Crumrine Total Return Fund by 72.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 16,945 shares of the company’s stock valued at $249,000 after purchasing an additional 7,100 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

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.