Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, May 13th, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.1985 per share by the investment management company on Monday, September 30th. This represents a $2.38 annualized dividend and a dividend yield of 20.91%. The ex-dividend date of this dividend is Friday, September 13th.
Cornerstone Total Return Fund has decreased its dividend by an average of 26.6% per year over the last three years.
CRF opened at $11.39 on Thursday. Cornerstone Total Return Fund has a twelve month low of $9.11 and a twelve month high of $14.31.
Cornerstone Total Return Fund Company Profile
Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.
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