Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Friday, April 13th will be paid a dividend of 0.2365 per share by the investment management company on Monday, April 30th. This represents a $2.84 dividend on an annualized basis and a yield of 18.51%. The ex-dividend date is Thursday, April 12th.
Shares of Cornerstone Strategic Value Fund (CLM) traded up $0.26 on Monday, reaching $15.33. 711,228 shares of the company were exchanged, compared to its average volume of 532,422. Cornerstone Strategic Value Fund has a one year low of $13.10 and a one year high of $17.21.
In related news, Director Richard Savage sold 70,000 shares of Cornerstone Strategic Value Fund stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $0.81, for a total transaction of $56,700.00.
About Cornerstone Strategic Value Fund
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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