Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.2053 per share by the investment management company on Friday, June 28th. This represents a $2.46 annualized dividend and a yield of 19.96%. The ex-dividend date of this dividend is Thursday, June 13th.
Cornerstone Strategic Value Fund has decreased its dividend by an average of 13.7% per year over the last three years.
NYSEAMERICAN CLM traded up $0.02 on Monday, hitting $12.34. 692,621 shares of the company’s stock traded hands, compared to its average volume of 407,614. Cornerstone Strategic Value Fund has a 1-year low of $9.31 and a 1-year high of $16.01.
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Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
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