Cornerstone Total Return Fund, Inc. Announces Monthly Dividend of $0.12 (NYSEAMERICAN:CRF)

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) announced a monthly dividend on Monday, August 17th. Investors of record on Tuesday, December 15th will be given a dividend of 0.1176 per share by the investment management company on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 21.2%. The ex-dividend date of this dividend is Tuesday, December 15th.

Cornerstone Total Return Fund Trading Down 5.4%

CRF stock traded down $0.38 during trading on Monday, hitting $6.66. The stock had a trading volume of 5,472,243 shares, compared to its average volume of 1,421,919. The company’s 50 day moving average price is $7.13 and its two-hundred day moving average price is $7.22. Cornerstone Total Return Fund has a 1-year low of $6.55 and a 1-year high of $8.25.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.