Cornerstone Progressive Return Fund President Purchases $23,608 in Stock (CFP)
Cornerstone Progressive Return Fund (NYSE:CFP) President Ralph W. Bradshaw acquired 5,121 shares of the company’s stock on the open market in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $4.61 per share, with a total value of $23,607.81. Following the purchase, the president now directly owns 3 shares in the company, valued at approximately $14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Cornerstone Progressive Return Fund (NYSE:CFP) opened at 4.72 on Friday. 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 declared a monthly dividend, which is scheduled for Tuesday, September 30th. Stockholders 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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