Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) to Issue Dividend Increase – $0.10 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Friday, October 17th. Shareholders of record on Thursday, November 20th will be given a dividend of 0.10 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Thursday, November 20th. This is a 2.7% increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC opened at $17.41 on Tuesday. The company has a 50-day moving average of $17.69 and a two-hundred day moving average of $17.20. Flaherty & Crumrine Total Return Fund has a 12-month low of $14.80 and a 12-month high of $17.93.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 29.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 236,457 shares of the company’s stock valued at $4,214,000 after buying an additional 53,087 shares during the last quarter. Sowell Financial Services LLC lifted its position in shares of Flaherty & Crumrine Total Return Fund by 0.6% in the third quarter. Sowell Financial Services LLC now owns 209,609 shares of the company’s stock valued at $3,735,000 after acquiring an additional 1,228 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after acquiring an additional 3,386 shares during the last quarter. Smith Asset Management Co. LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the first quarter valued at $2,339,000. Finally, Pathstone Holdings LLC increased its position in Flaherty & Crumrine Total Return Fund by 8.2% during the 3rd quarter. Pathstone Holdings LLC now owns 119,566 shares of the company’s stock worth $2,131,000 after purchasing an additional 9,104 shares in the last quarter.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.