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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Rating) announced a monthly dividend on Tuesday, May 17th, Wall Street Journal reports. Stockholders of record on Friday, July 15th will be given a dividend of 0.1734 per share by the investment management company on Friday, July 29th. This represents a $2.08 annualized dividend and a dividend yield of 17.49%. The ex-dividend date of this dividend is Thursday, July 14th.

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

NYSEAMERICAN:CRF opened at $11.90 on Wednesday. Cornerstone Total Return Fund has a one year low of $9.51 and a one year high of $14.20.

Large investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in shares of Cornerstone Total Return Fund in the 1st quarter valued at about $2,168,000. LPL Financial LLC raised its holdings in shares of Cornerstone Total Return Fund by 57.4% in the 4th quarter. LPL Financial LLC now owns 128,490 shares of the investment management company’s stock valued at $1,767,000 after purchasing an additional 46,847 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Cornerstone Total Return Fund by 15.2% in the 1st quarter. Raymond James & Associates now owns 108,182 shares of the investment management company’s stock valued at $1,505,000 after purchasing an additional 14,258 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Cornerstone Total Return Fund by 534.9% in the 1st quarter. Centaurus Financial Inc. now owns 95,634 shares of the investment management company’s stock valued at $1,330,000 after purchasing an additional 80,571 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Cornerstone Total Return Fund in the 4th quarter valued at about $377,000.

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.

See Also

Dividend History for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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