Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Plans $0.09 Monthly Dividend

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Wednesday, July 24th will be given a dividend of 0.0897 per share on Wednesday, July 31st. This represents a $1.08 annualized dividend and a yield of 7.34%. The ex-dividend date is Wednesday, July 24th.

Flaherty & Crumrine Total Return Fund has decreased its dividend by an average of 10.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Total Return Fund Price Performance

NYSE:FLC opened at $14.67 on Tuesday. The business’s fifty day moving average price is $15.08 and its 200 day moving average price is $14.52. Flaherty & Crumrine Total Return Fund has a 12 month low of $12.62 and a 12 month high of $15.50.

About Flaherty & Crumrine Total Return Fund

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.