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Cornerstone Progressive Return Fund (NYSE:CFP) declared a monthly dividend on Tuesday, August 12th, Analyst Ratings.Net reports. Investors of record on Monday, December 15th will be given a dividend of 0.0773 per share on Wednesday, December 31st. This represents a $0.93 dividend on an annualized basis and a yield of 19.99%. The ex-dividend date of this dividend is Thursday, December 11th.

Shares of Cornerstone Progressive Return Fund (NYSE:CFP) traded down 0.11% 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 was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 149,692 shares, a decline of 33.3% from the July 15th total of 224,522 shares. Based on an average trading volume of 341,333 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.

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