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 Tuesday, July 23rd, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.0913 per share on Thursday, October 31st. This represents a $1.10 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Thursday, October 24th.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% per year over the last three years.

Flaherty & Crumrine Total Return Fund Price Performance

FLC stock opened at $17.27 on Tuesday. The stock has a 50-day moving average price of $16.95 and a 200-day moving average price of $15.91. Flaherty & Crumrine Total Return Fund has a 1-year low of $12.64 and a 1-year high of $17.48.

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.