Flaherty & Crumrine Total Return Fund Inc. Announces Monthly Dividend of $0.11 (NYSE:FLC)

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Wednesday, July 22nd. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.1067 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of NYSE FLC opened at $16.73 on Friday. Flaherty & Crumrine Total Return Fund has a 12 month low of $15.89 and a 12 month high of $18.09. The firm has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $17.16.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter worth about $57,000. Cetera Investment Advisers bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth approximately $199,000. Seven Mile Advisory purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at approximately $230,000. Kovack Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at approximately $227,000. Finally, Osaic Holdings Inc. grew its stake in Flaherty & Crumrine Total Return Fund by 3.8% in the second quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after purchasing an additional 629 shares during the period.

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.