Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Friday, April 13th will be given a dividend of 0.2301 per share by the investment management company on Monday, April 30th. This represents a $2.76 dividend on an annualized basis and a yield of 18.07%. The ex-dividend date of this dividend is Thursday, April 12th.
Cornerstone Total Return Fund (CRF) traded up $0.38 during trading on Monday, reaching $15.28. The company’s stock had a trading volume of 324,877 shares, compared to its average volume of 375,175. Cornerstone Total Return Fund has a 12 month low of $13.62 and a 12 month high of $16.98.
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Cornerstone Total Return Fund, Inc is a closed-end, diversified management investment company. The Fund’s investment objective is to seek capital appreciation with current income as a secondary objective. The Fund invests in various sectors, such as closed-end funds, information technology, financials, healthcare, consumer discretionary, industrials, energy, consumer staples, materials, telecommunication services, utilities, real estate, exchange-traded funds (ETFs) and others.
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