Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.1086 per share by the investment management company on Friday, August 30th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 17.08%. The ex-dividend date is Thursday, August 15th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 12.8% per year over the last three years.
Cornerstone Strategic Value Fund Stock Up 0.3 %
NYSEAMERICAN CLM opened at $7.63 on Tuesday. Cornerstone Strategic Value Fund has a 52 week low of $6.25 and a 52 week high of $8.84. The company has a fifty day moving average price of $7.37.
About Cornerstone Strategic Value Fund
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.
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