Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) Director Richard Savage sold 70,000 shares of Cornerstone Strategic Value Fund stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $0.81, for a total transaction of $56,700.00.
Shares of Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN CLM) traded up $0.04 during midday trading on Monday, reaching $15.98. 381,400 shares of the company were exchanged, compared to its average volume of 433,908. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $13.90 and a fifty-two week high of $17.21.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a $0.2365 dividend. This represents a $2.84 annualized dividend and a yield of 17.76%. The ex-dividend date of this dividend is Wednesday, February 14th.
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Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in equity securities of the United States and non-United States companies. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, industrials, consumer staples, energy, consumer discretionary, materials, telecommunication services, exchange-traded funds (ETFs), utilities and real estate.
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