Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) announced a monthly dividend on Thursday, October 17th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.0937 per share on Friday, November 29th. This represents a $1.12 annualized dividend and a yield of 6.75%. The ex-dividend date is Thursday, November 21st. This is an increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.
Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% annually over the last three years.
Flaherty & Crumrine Total Return Fund Stock Performance
FLC stock opened at $16.66 on Tuesday. Flaherty & Crumrine Total Return Fund has a 1-year low of $13.94 and a 1-year high of $17.48. The business has a fifty day moving average price of $17.10 and a 200-day moving average price of $16.19.
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.
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