Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Announces $0.18 Monthly Dividend

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating) announced a monthly dividend on Tuesday, May 17th, Wall Street Journal reports. Shareholders of record on Friday, July 15th will be given a dividend of 0.1808 per share by the investment management company on Friday, July 29th. This represents a $2.17 dividend on an annualized basis and a yield of 17.32%. The ex-dividend date is Thursday, July 14th.

Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 10.3% annually over the last three years and has increased its dividend every year for the last 1 years.

Shares of NYSEAMERICAN:CLM opened at $12.53 on Wednesday. Cornerstone Strategic Value Fund has a 1-year low of $9.95 and a 1-year high of $14.75.

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Cornerstone Strategic Value Fund by 33.3% during the 2nd quarter. Royal Bank of Canada now owns 5,011 shares of the investment management company’s stock worth $58,000 after purchasing an additional 1,253 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Cornerstone Strategic Value Fund by 116.2% during the 2nd quarter. Bank of America Corp DE now owns 5,275 shares of the investment management company’s stock worth $61,000 after buying an additional 2,835 shares during the period. Raymond James Trust N.A. bought a new position in shares of Cornerstone Strategic Value Fund during the 1st quarter worth approximately $229,000. NewEdge Advisors LLC lifted its position in shares of Cornerstone Strategic Value Fund by 6.7% during the 1st quarter. NewEdge Advisors LLC now owns 18,360 shares of the investment management company’s stock worth $259,000 after buying an additional 1,160 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Cornerstone Strategic Value Fund during the 1st quarter worth approximately $265,000. 5.72% of the stock is currently owned by institutional investors.

About Cornerstone Strategic Value Fund (Get Rating)

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.

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