Cornerstone Progressive Return Fund Declares Monthly Dividend of $0.08 (CFP)
Cornerstone Progressive Return Fund (NYSE:CFP) announced a monthly dividend on Tuesday, August 12th, American Banking News reports. Shareholders of record on Wednesday, October 15th will be paid a dividend of 0.0773 per share on Friday, October 31st. This represents a $0.93 annualized dividend and a dividend yield of 19.99%. The ex-dividend date is Friday, October 10th.
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 1-year low of $4.55 and a 1-year high of $5.43. The stock has a 50-day moving average of $4.60 and a 200-day moving average of $4.98. Cornerstone Progressive Return Fund also was the target of a significant 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 daily trading volume, of 341,333 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.
Cornerstone Progressive Return Fund (NYSE:CFP) is a closed-end, diversified investment company.
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