Insider Buying: Cornerstone Progressive Return Fund Director Purchases 2,111 Shares of Stock (CFP)
Cornerstone Progressive Return Fund (NYSE:CFP) Director Scott B. Rogers bought 2,111 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $4.61 per share, with a total value of $9,731.71. Following the completion of the transaction, the director now directly owns 37,828 shares of the company’s stock, valued at approximately $174,387. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cornerstone Progressive Return Fund (NYSE:CFP) traded up 0.85% during mid-day trading on Friday, hitting $4.72. 1,356,310 shares of the company’s stock traded hands. Cornerstone Progressive Return Fund has a 52-week low of $4.58 and a 52-week high of $6.00. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $5.16.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0773 per share. This represents a $0.93 dividend on an annualized basis and a yield of 19.65%. The ex-dividend date of this dividend is Thursday, September 11th.
Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.
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