Cornerstone Strategic Investment Fund, Inc. Declares Monthly Dividend of $0.12 (NYSEAMERICAN:CLM)

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, August 17th. Stockholders of record on Tuesday, December 15th will be paid a dividend of 0.1215 per share by the investment management company on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 21.0%. The ex-dividend date is Tuesday, December 15th.

Cornerstone Strategic Investment Fund Stock Performance

Shares of Cornerstone Strategic Investment Fund stock traded down $0.41 during trading on Monday, reaching $6.94. The company’s stock had a trading volume of 8,599,047 shares, compared to its average volume of 2,104,930. The company has a 50-day moving average price of $7.46 and a two-hundred day moving average price of $7.55. Cornerstone Strategic Investment Fund has a fifty-two week low of $6.88 and a fifty-two week high of $8.53.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.