Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Plans Dividend Increase – $0.09 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.0937 per share on Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, February 21st. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.03.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Total Return Fund Stock Up 0.7 %

Shares of FLC traded up $0.12 on Thursday, hitting $17.05. The company’s stock had a trading volume of 30,537 shares, compared to its average volume of 22,581. The company has a 50 day moving average price of $16.73 and a 200 day moving average price of $16.66. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $14.51 and a fifty-two week high of $17.48.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.