Cornerstone Strategic Investment Fund, Inc. (CLM) to Distribute Monthly Dividend of $0.12 on August 31st

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, May 8th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1215 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date of this dividend is Friday, August 14th.

Cornerstone Strategic Investment Fund Stock Performance

Shares of NYSEAMERICAN CLM opened at $7.55 on Wednesday. Cornerstone Strategic Investment Fund has a 1-year low of $6.92 and a 1-year high of $8.53. The business has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.57.

Institutional Trading of Cornerstone Strategic Investment Fund

A number of institutional investors have recently made changes to their positions in CLM. Arax Advisory Partners raised its position in shares of Cornerstone Strategic Investment Fund by 94.0% in the 4th quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 1,808 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Cornerstone Strategic Investment Fund by 303.9% in the 4th quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock valued at $67,000 after buying an additional 5,989 shares during the period. Everett Harris & Co. CA acquired a new position in shares of Cornerstone Strategic Investment Fund in the 2nd quarter valued at $77,000. OneDigital Investment Advisors LLC purchased a new position in Cornerstone Strategic Investment Fund during the second quarter worth approximately $81,000. Finally, Allworth Financial LP acquired a new position in shares of Cornerstone Strategic Investment Fund during the 2nd quarter worth approximately $90,000.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.