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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Free Report) declared a monthly dividend on Monday, November 6th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.1037 per share by the investment management company on Thursday, February 29th. This represents a $1.24 annualized dividend and a dividend yield of 17.05%. The ex-dividend date of this dividend is Wednesday, February 14th.

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

Cornerstone Total Return Fund Stock Up 0.6 %

CRF stock opened at $7.30 on Tuesday. The firm’s 50 day simple moving average is $7.26. Cornerstone Total Return Fund has a 52-week low of $6.05 and a 52-week high of $8.56.

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of hedge funds have recently added to or reduced their stakes in CRF. Royal Bank of Canada raised its stake in Cornerstone Total Return Fund by 4.9% during the 3rd quarter. Royal Bank of Canada now owns 367,813 shares of the investment management company’s stock valued at $2,939,000 after buying an additional 17,157 shares during the last quarter. Osaic Holdings Inc. raised its stake in Cornerstone Total Return Fund by 13.5% during the 2nd quarter. Osaic Holdings Inc. now owns 84,551 shares of the investment management company’s stock valued at $676,000 after buying an additional 10,077 shares during the last quarter. Quarry LP purchased a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at $134,000. Citadel Advisors LLC purchased a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at $102,000. Finally, Commonwealth Equity Services LLC raised its stake in Cornerstone Total Return Fund by 4.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 155,418 shares of the investment management company’s stock valued at $1,243,000 after buying an additional 7,318 shares during the last quarter. 11.96% of the stock is currently owned by hedge funds and other institutional investors.

About Cornerstone Total Return Fund

(Get Free Report)

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.

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Dividend History for Cornerstone Total Return Fund (NYSEAMERICAN:CRF)

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