Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) to Issue $0.10 Monthly Dividend

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.1037 per share by the investment management company on Friday, August 30th. This represents a $1.24 annualized dividend and a dividend yield of 16.16%. The ex-dividend date of this dividend is Thursday, August 15th.

Cornerstone Total Return Fund has decreased its dividend by an average of 13.2% per year over the last three years.

Cornerstone Total Return Fund Trading Up 1.7 %

NYSEAMERICAN CRF opened at $7.70 on Tuesday. Cornerstone Total Return Fund has a 1 year low of $6.05 and a 1 year high of $8.56. The business has a 50-day simple moving average of $7.24.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. 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.