Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, November 13th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.2301 per share by the investment management company on Friday, March 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 17.81%. The ex-dividend date is Wednesday, March 14th. This is a positive change from Cornerstone Total Return Fund’s previous monthly dividend of $0.23.
Shares of Cornerstone Total Return Fund (CRF) opened at $15.50 on Tuesday. Cornerstone Total Return Fund has a 1-year low of $13.62 and a 1-year high of $16.98.
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About Cornerstone Total Return Fund
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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