Insider Buying: Ralph W. Bradshaw Acquires 5,121 Shares of Cornerstone Progressive Return Fund Stock (CFP)
Cornerstone Progressive Return Fund (NYSE:CFP) President Ralph W. Bradshaw bought 5,121 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The stock was purchased at an average price of $4.61 per share, for a total transaction of $23,607.81. Following the transaction, the president now directly owns 3 shares of the company’s stock, valued at approximately $14. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Cornerstone Progressive Return Fund (NYSE:CFP) traded up 0.85% on Friday, hitting $4.72. The stock had a trading volume of 1,356,310 shares. Cornerstone Progressive Return Fund has a 52-week low of $4.58 and a 52-week high of $6.01. The stock’s 50-day moving average is $4.96 and its 200-day moving average is $5.16.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0773 per share. This represents a $0.93 annualized dividend and a dividend yield of 19.65%. The ex-dividend date is Thursday, September 11th.
Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.
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