Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.1985 per share by the investment management company on Friday, June 28th. This represents a $2.38 annualized dividend and a yield of 19.88%. The ex-dividend date is Thursday, June 13th.
Cornerstone Total Return Fund has decreased its dividend by an average of 26.6% per year over the last three years.
CRF stock traded up $0.01 during mid-day trading on Monday, hitting $11.98. The stock had a trading volume of 311,733 shares, compared to its average volume of 250,058. Cornerstone Total Return Fund has a 1-year low of $9.11 and a 1-year high of $15.97.
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About Cornerstone Total Return Fund
Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.
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