Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) announced a monthly dividend on Tuesday, January 9th, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be given a dividend of 0.126 per share on Wednesday, January 31st. This represents a $1.51 annualized dividend and a yield of 7.02%. The ex-dividend date is Tuesday, January 23rd.
Flaherty & Crumrine Total Return Fd has decreased its dividend by an average of 1.5% per year over the last three years.
Shares of Flaherty & Crumrine Total Return Fd (NYSE:FLC) traded down $0.05 during mid-day trading on Tuesday, hitting $21.53. The stock had a trading volume of 54,011 shares, compared to its average volume of 32,631. Flaherty & Crumrine Total Return Fd has a one year low of $19.70 and a one year high of $22.51.
Flaherty & Crumrine Total Return Fund Incorporated is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide its common shareholders with high current income. The Fund’s secondary investment objective is capital appreciation. The Fund may invest in unrated securities that the Fund’s investment advisor deems to be comparable in quality to rated issues in which the Fund is authorized to invest.
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