Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) to Issue Monthly Dividend of $0.20

Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 20.36%. The ex-dividend date of this dividend 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.

Shares of NYSEAMERICAN:CRF opened at $11.70 on Wednesday. Cornerstone Total Return Fund has a 1 year low of $9.11 and a 1 year high of $15.02.

An institutional investor recently raised its position in Cornerstone Total Return Fund stock. Morgan Stanley increased its holdings in shares of Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) by 43.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,982 shares of the investment management company’s stock after buying an additional 2,431 shares during the period. Morgan Stanley’s holdings in Cornerstone Total Return Fund were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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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.

See Also: Price to Earnings Ratio (PE)

Dividend History for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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