Cornerstone Total Return Fund Inc (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, May 14th, Wall Street Journal reports. Investors of record on Friday, September 14th will be paid a dividend of 0.2301 per share by the investment management company on Friday, September 28th. This represents a $2.76 annualized dividend and a yield of 19.34%. The ex-dividend date is Thursday, September 13th.
Cornerstone Total Return Fund has decreased its dividend by an average of 13.1% per year over the last three years.
Shares of CRF opened at $14.28 on Friday. Cornerstone Total Return Fund has a 12 month low of $13.42 and a 12 month high of $16.22.
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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