Cornerstone Total Return Fund, Inc. (CRF) to Issue Monthly Dividend of $0.10 on October 31st

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Friday, August 2nd, NASDAQ reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.1037 per share by the investment management company on Thursday, October 31st. This represents a $1.24 annualized dividend and a yield of 14.87%. The ex-dividend date is Tuesday, October 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 Price Performance

Shares of CRF traded up $0.04 during trading hours on Friday, hitting $8.37. The company had a trading volume of 2,450,881 shares, compared to its average volume of 680,508. The stock has a fifty day moving average price of $7.59. Cornerstone Total Return Fund has a 12 month low of $6.05 and a 12 month high of $8.40.

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.