Cornerstone Total Return Fund Inc (NYSEMKT:CRF) announced a monthly dividend on Monday, August 14th, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.2289 per share by the investment management company on Tuesday, October 31st. This represents a $2.75 dividend on an annualized basis and a yield of 18.19%. The ex-dividend date is Thursday, October 12th.
Shares of Cornerstone Total Return Fund (NYSEMKT:CRF) opened at 15.10 on Wednesday. Cornerstone Total Return Fund has a 52-week low of $13.62 and a 52-week high of $16.98. The stock’s 50 day moving average price is $14.44 and its 200-day moving average price is $15.41.
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Cornerstone Total Return Fund Company Profile
Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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