Cornerstone Strategic Value Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on September 30th

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Wednesday, May 14th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.1224 per share by the investment management company on Tuesday, September 30th. This represents a $1.47 annualized dividend and a dividend yield of 20.32%. The ex-dividend date is Monday, September 15th.

Cornerstone Strategic Value Fund has raised its dividend payment by an average of 59.2% per year over the last three years.

Cornerstone Strategic Value Fund Stock Down 1.5%

Shares of Cornerstone Strategic Value Fund stock opened at $7.23 on Friday. Cornerstone Strategic Value Fund has a 1 year low of $6.16 and a 1 year high of $9.30. The stock has a fifty day moving average price of $7.21 and a 200-day moving average price of $7.89.

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.