Cornerstone Strategic Value Fund Inc. (CLM) to Issue Monthly Dividend of $0.24

Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Friday, June 15th will be paid a dividend of 0.2365 per share by the investment management company on Friday, June 29th. This represents a $2.84 dividend on an annualized basis and a yield of 18.51%. The ex-dividend date of this dividend is Thursday, June 14th.

Shares of Cornerstone Strategic Value Fund (NYSEAMERICAN CLM) traded up $0.26 during trading 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 12 month low of $13.10 and a 12 month high of $17.21.

In other Cornerstone Strategic Value Fund news, Director Richard Savage sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $0.81, for a total transaction of $56,700.00.

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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.

Dividend History for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

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