Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) to Issue $0.11 Monthly Dividend

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, July 22nd. Stockholders of record on Friday, October 23rd will be given a dividend of 0.1067 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, October 23rd.

Flaherty & Crumrine Total Return Fund Trading Down 0.7%

Shares of FLC opened at $16.73 on Friday. The company has a 50-day simple moving average of $16.83 and a 200-day simple moving average of $17.16. Flaherty & Crumrine Total Return Fund has a 52-week low of $15.89 and a 52-week high of $18.09.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in FLC. Global Retirement Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $57,000. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth $199,000. Kovack Advisors Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $226,000. Seven Mile Advisory acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth approximately $230,000. Finally, Osaic Holdings Inc. boosted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% in the second quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after purchasing an additional 629 shares during the period.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.