Cornerstone Progressive Return Fund (CFP) Announces Monthly Dividend of $0.08
Cornerstone Progressive Return Fund (NYSE:CFP) declared a monthly dividend on Tuesday, August 12th, Stock Ratings News reports. Stockholders of record on Friday, November 14th will be given a dividend of 0.0773 per share on Friday, November 28th. This represents a $0.93 dividend on an annualized basis and a yield of 19.99%. The ex-dividend date of this dividend is Wednesday, November 12th.
Cornerstone Progressive Return Fund (NYSE:CFP) traded down 0.11% during mid-day trading on Tuesday, hitting $4.635. The stock had a trading volume of 520,283 shares. Cornerstone Progressive Return Fund has a 52 week low of $4.55 and a 52 week high of $5.43. The stock’s 50-day moving average is $4.60 and its 200-day moving average is $4.98. Cornerstone Progressive Return Fund also saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 149,692 shares, a drop of 33.3% from the July 15th total of 224,522 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 341,333 shares, the days-to-cover ratio is currently 0.4 days.
Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.
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