Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on February 27th

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.1215 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 18.1%. The ex-dividend date of this dividend is Tuesday, February 17th.

Cornerstone Strategic Investment Fund Stock Up 0.4%

CLM stock opened at $8.04 on Friday. Cornerstone Strategic Investment Fund has a 52 week low of $6.16 and a 52 week high of $8.99. The business has a 50-day simple moving average of $8.29 and a 200 day simple moving average of $8.23.

Cornerstone Strategic Investment Fund Company Profile

Cornerstone Strategic Investment Fund (NYSE American: CLM) is a closed-end diversified management investment company organized under the Investment Company Act of 1940. The fund’s primary objective is to seek total return, with an emphasis on dividend income and long-term capital appreciation for its shareholders. Trading on the NYSE American, CLM offers investors exposure to a flexible portfolio designed to capture income opportunities across various market environments.

The fund seeks to achieve its objective by investing primarily in convertible securities, including both convertible bonds and convertible preferred stocks, as well as common stocks of companies with favorable risk-return profiles.