Cornerstone Progressive Return Fund Director Purchases $9,732 in Stock (CFP)
Cornerstone Progressive Return Fund (NYSE:CFP) Director Scott B. Rogers acquired 2,111 shares of the 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 acquisition, the director now directly owns 37,828 shares of the company’s stock, valued at approximately $174,387. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Cornerstone Progressive Return Fund (NYSE:CFP) traded up 0.85% on Friday, hitting $4.72. 1,356,310 shares of the company’s stock traded hands. Cornerstone Progressive Return Fund has a 1-year low of $4.58 and a 1-year 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 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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