Cornerstone Total Return Fund, Inc. to Issue Monthly Dividend of $0.12 (NYSEAMERICAN:CRF)

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Friday, May 8th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1176 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 22.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Cornerstone Total Return Fund Stock Performance

Shares of CRF opened at $6.37 on Friday. Cornerstone Total Return Fund has a 1 year low of $6.30 and a 1 year high of $8.25. The stock’s 50-day moving average price is $6.86 and its two-hundred day moving average price is $7.06.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.