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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Thursday, April 16th. Investors of record on Friday, July 24th will be given a dividend of 0.1047 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Total Return Fund Trading Down 0.0%

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

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 6.9% in the fourth quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock valued at $18,185,000 after buying an additional 66,761 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Flaherty & Crumrine Total Return Fund by 71.6% in the fourth quarter. Guggenheim Capital LLC now owns 71,714 shares of the company’s stock valued at $1,255,000 after buying an additional 29,927 shares during the last quarter. Cetera Investment Advisers increased its holdings in Flaherty & Crumrine Total Return Fund by 29.0% in the fourth quarter. Cetera Investment Advisers now owns 19,825 shares of the company’s stock valued at $347,000 after buying an additional 4,451 shares during the last quarter. Kovack Advisors Inc. bought a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $227,000. Finally, Osaic Holdings Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 7.0% in the fourth quarter. Osaic Holdings Inc. now owns 19,320 shares of the company’s stock valued at $338,000 after buying an additional 1,258 shares during the last quarter.

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.