Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on November 30th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, August 14th. Stockholders of record on Friday, November 13th will be given a dividend of $0.1215 per share by the investment management company on Monday, November 30th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date of this dividend is Friday, November 13th.

Cornerstone Strategic Investment Fund Stock Performance

Shares of CLM opened at $6.15 on Wednesday. Cornerstone Strategic Investment Fund has a 12 month low of $5.56 and a 12 month high of $8.53. The company has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $7.21.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund is a diversified, closed-end investment fund. Rather than operating a business or selling products directly, it pools investor capital to pursue its investment objectives through a portfolio of securities. The Fund seeks a high level of total return through capital appreciation and current income. Its portfolio primarily invests in equity securities, including stocks of companies in the United States and other markets. Cornerstone Advisors, Inc. serves as the Fund’s investment adviser and manages its portfolio.