Flaherty & Crumrine Total Return Fund Inc. (FLC) to Issue Monthly Dividend of $0.11 on November 30th

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 20th will be given a dividend of $0.1067 per share on Monday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Friday, November 20th.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE FLC traded down $0.08 on Friday, reaching $15.45. 15,988 shares of the stock traded hands, compared to its average volume of 24,624. The firm’s fifty day simple moving average is $16.06 and its 200 day simple moving average is $16.59. Flaherty & Crumrine Total Return Fund has a 12 month low of $15.33 and a 12 month high of $18.09.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth $4,414,000. Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Total Return Fund by 21.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock valued at $4,081,000 after purchasing an additional 42,263 shares in the last quarter. Noble Wealth Management PBC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock valued at $3,815,000 after acquiring an additional 8,257 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Flaherty & Crumrine Total Return Fund by 45.5% during the 1st quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock worth $479,000 after purchasing an additional 9,014 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Flaherty & Crumrine Total Return Fund during the second quarter valued at approximately $297,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund (NYSE: FLC) is a closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund invests primarily in preferred securities and other income-producing investments.

FLC’s portfolio may include preferred stocks, hybrid securities, corporate debt, and other fixed-income instruments. The fund generally emphasizes securities issued by companies in the financial services sector, while also investing across other industries and in issuers based in the United States and other countries.

The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-oriented investments.