Flaherty & Crumrine Total Return Fund Inc. to Issue Monthly Dividend of $0.12 (NYSE:FLC)

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Rating) declared a monthly dividend on Tuesday, April 26th, Wall Street Journal reports. Stockholders of record on Friday, July 22nd will be given a dividend of 0.122 per share on Friday, July 29th. This represents a $1.46 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Thursday, July 21st.

Shares of FLC traded down $0.48 during mid-day trading on Tuesday, hitting $18.51. 32,260 shares of the company traded hands, compared to its average volume of 31,365. The stock has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $21.74. Flaherty & Crumrine Total Return Fund has a 1 year low of $18.49 and a 1 year high of $25.19.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLC. LPL Financial LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.7% during the fourth quarter. LPL Financial LLC now owns 92,594 shares of the company’s stock valued at $2,110,000 after purchasing an additional 2,440 shares during the last quarter. Morgan Stanley raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 28.8% during the first quarter. Morgan Stanley now owns 9,517 shares of the company’s stock valued at $232,000 after purchasing an additional 2,128 shares during the last quarter. Royal Bank of Canada increased its holdings in Flaherty & Crumrine Total Return Fund by 5.3% during the third quarter. Royal Bank of Canada now owns 28,976 shares of the company’s stock valued at $695,000 after buying an additional 1,466 shares during the last quarter. UBS Group AG increased its holdings in Flaherty & Crumrine Total Return Fund by 2.7% during the third quarter. UBS Group AG now owns 22,739 shares of the company’s stock valued at $546,000 after buying an additional 594 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Flaherty & Crumrine Total Return Fund by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 20,429 shares of the company’s stock valued at $466,000 after buying an additional 561 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund (Get Rating)

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.

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Dividend History for Flaherty & Crumrine Total Return Fund (NYSE:FLC)

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