Cornerstone Strategic Value Fund Plans Monthly Dividend of $0.10 (CLM)
Cornerstone Strategic Value Fund (NYSE:CLM) announced a monthly dividend on Monday, August 11th, AmericanBankingNews.com reports. Stockholders of record on Monday, December 15th will be paid a dividend of 0.0959 per share on Wednesday, December 31st. This represents a $1.15 annualized dividend and a dividend yield of 18.77%. The ex-dividend date is Thursday, December 11th.
Shares of Cornerstone Strategic Value Fund (NYSE:CLM) traded up 0.82% during mid-day trading on Monday, hitting $6.18. 387,325 shares of the company’s stock traded hands. Cornerstone Strategic Value Fund has a 52-week low of $5.71 and a 52-week high of $7.74. The stock’s 50-day moving average is $6.11 and its 200-day moving average is $6.30.
Cornerstone Strategic Value Fund, Inc (NYSE:CLM) is a closed-end, diversified management investment company.
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