Flaherty & Crumrine Total Return Fund Inc. (FLC) To Go Ex-Dividend on April 22nd

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.0856 per share on Tuesday, April 30th. This represents a $1.03 annualized dividend and a yield of 7.03%. The ex-dividend date is Monday, April 22nd.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Total Return Fund Stock Up 0.1 %

Shares of FLC stock opened at $14.62 on Friday. Flaherty & Crumrine Total Return Fund has a one year low of $12.62 and a one year high of $15.50. The company has a 50 day moving average price of $15.09 and a 200 day moving average price of $14.48.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in Flaherty & Crumrine Total Return Fund by 15.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,845 shares of the company’s stock worth $155,000 after purchasing an additional 1,338 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Flaherty & Crumrine Total Return Fund by 28.3% in the first quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock worth $203,000 after acquiring an additional 2,241 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth $205,000. HighTower Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $210,000. Finally, Money Concepts Capital Corp acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth $234,000.

About Flaherty & Crumrine Total Return Fund

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.