Flaherty & Crumrine Total Return Fund Inc. Plans Monthly Dividend of $0.10 (NYSE:FLC)

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Thursday, April 16th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.1047 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Tuesday, June 23rd.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE:FLC opened at $17.13 on Friday. Flaherty & Crumrine Total Return Fund has a 52 week low of $15.79 and a 52 week high of $18.09. The stock’s 50-day moving average price is $17.27 and its 200-day moving average price is $17.46.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in Flaherty & Crumrine Total Return Fund by 0.6% in the 3rd quarter. Sowell Financial Services LLC now owns 209,609 shares of the company’s stock worth $3,735,000 after buying an additional 1,228 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Flaherty & Crumrine Total Return Fund by 9.6% in the 4th quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock worth $394,000 after buying an additional 1,967 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 0.8% in the 4th quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after buying an additional 2,002 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $57,000.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.