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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.1037 per share by the investment management company on Monday, September 30th. This represents a $1.24 annualized dividend and a yield of 16.31%. The ex-dividend date is Monday, September 16th.

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

Cornerstone Total Return Fund Trading Up 0.1 %

NYSEAMERICAN CRF traded up $0.01 on Wednesday, hitting $7.63. 69,515 shares of the company’s stock traded hands, compared to its average volume of 659,562. Cornerstone Total Return Fund has a 1-year low of $6.05 and a 1-year high of $8.56. The stock’s 50-day moving average price is $7.25.

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.