Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) Plans $0.11 Monthly Dividend

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.1086 per share by the investment management company on Friday, August 30th. This represents a $1.30 annualized dividend and a yield of 17.12%. The ex-dividend date is Thursday, August 15th.

Cornerstone Strategic Value Fund has decreased its dividend by an average of 12.8% annually over the last three years.

Cornerstone Strategic Value Fund Trading Up 1.5 %

Cornerstone Strategic Value Fund stock traded up $0.11 on Monday, hitting $7.61. 1,136,732 shares of the stock traded hands, compared to its average volume of 1,421,053. Cornerstone Strategic Value Fund has a 1 year low of $6.25 and a 1 year high of $8.84. The firm has a fifty day moving average of $7.37.

Cornerstone Strategic Value Fund Company Profile

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.