Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Announces $0.17 Monthly Dividend

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Rating) announced a monthly dividend on Tuesday, February 15th, Wall Street Journal reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.1734 per share by the investment management company on Tuesday, May 31st. This represents a $2.08 dividend on an annualized basis and a yield of 19.54%. The ex-dividend date of this dividend is Friday, May 13th.

Cornerstone Total Return Fund has decreased its dividend payment by an average of 10.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

CRF opened at $10.65 on Wednesday. Cornerstone Total Return Fund has a 12-month low of $9.51 and a 12-month high of $14.20.

Large investors have recently made changes to their positions in the company. UBS Group AG acquired a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter worth approximately $54,000. Morgan Stanley grew its holdings in shares of Cornerstone Total Return Fund by 11.5% during the 2nd quarter. Morgan Stanley now owns 21,038 shares of the investment management company’s stock worth $239,000 after purchasing an additional 2,165 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $377,000. Finally, LPL Financial LLC grew its holdings in shares of Cornerstone Total Return Fund by 57.4% during the 4th quarter. LPL Financial LLC now owns 128,490 shares of the investment management company’s stock worth $1,767,000 after purchasing an additional 46,847 shares in the last quarter.

Cornerstone Total Return Fund Company Profile (Get Rating)

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.

Featured Stories