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.
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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)
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