Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.1086 per share by the investment management company on Monday, September 30th. This represents a $1.30 dividend on an annualized basis and a yield of 17.26%. The ex-dividend date is Monday, September 16th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 12.8% per year over the last three years.
Cornerstone Strategic Value Fund Stock Performance
Shares of CLM stock traded up $0.02 during trading hours on Wednesday, hitting $7.55. 187,578 shares of the company’s stock were exchanged, compared to its average volume of 1,405,520. Cornerstone Strategic Value Fund has a 52 week low of $6.25 and a 52 week high of $8.84. The company has a 50-day moving average price of $7.37.
About Cornerstone Strategic Value Fund
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. 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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