Flaherty & Crumrine Total Return Fund Inc. (FLC) to Issue Monthly Dividend of $0.10 on May 29th

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Wednesday, April 15th. Investors of record on Thursday, May 21st will be given a dividend of 0.1047 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Thursday, May 21st. This is a 1.0% increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Total Return Fund Stock Down 0.5%

Flaherty & Crumrine Total Return Fund stock opened at $16.76 on Tuesday. The stock’s 50 day moving average is $16.97 and its 200 day moving average is $17.36. Flaherty & Crumrine Total Return Fund has a one year low of $15.89 and a one year high of $18.09.

Flaherty & Crumrine Total Return Fund Company Profile

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.