Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) to Issue Monthly Dividend of $0.12

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Friday, February 13th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1215 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 18.8%. The ex-dividend date is Friday, May 15th.

Cornerstone Strategic Investment Fund Trading Up 0.3%

CLM stock opened at $7.74 on Wednesday. The firm has a 50 day moving average price of $7.44 and a 200-day moving average price of $7.93. Cornerstone Strategic Investment Fund has a 52-week low of $6.92 and a 52-week high of $8.53.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

Hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new stake in shares of Cornerstone Strategic Investment Fund in the fourth quarter worth $30,000. Arax Advisory Partners boosted its stake in Cornerstone Strategic Investment Fund by 94.0% in the 4th quarter. Arax Advisory Partners now owns 3,731 shares of the investment management company’s stock worth $31,000 after purchasing an additional 1,808 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Cornerstone Strategic Investment Fund during the 3rd quarter valued at about $46,000. Assetmark Inc. grew its position in Cornerstone Strategic Investment Fund by 303.9% during the 4th quarter. Assetmark Inc. now owns 7,960 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 5,989 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Cornerstone Strategic Investment Fund by 14.4% during the 3rd quarter. Larson Financial Group LLC now owns 11,578 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 1,456 shares in the last quarter.

About Cornerstone Strategic Investment Fund

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.