Cornerstone Strategic Investment Fund, Inc. (CLM) to Issue Monthly Dividend of $0.12 on July 31st

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Friday, May 8th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.1215 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 19.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Cornerstone Strategic Investment Fund Price Performance

NYSEAMERICAN CLM opened at $7.63 on Monday. Cornerstone Strategic Investment Fund has a 1-year low of $6.92 and a 1-year high of $8.53. The business’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $7.72.

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.