Flaherty & Crumrine Total Return Fund Inc. (FLC) to Issue Monthly Dividend of $0.11 on August 31st

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, July 22nd. Investors of record on Monday, August 24th will be given a dividend of 0.1067 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, August 24th. This is a 1.9% increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Total Return Fund Stock Performance

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

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds have recently made changes to their positions in FLC. Global Retirement Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at approximately $57,000. Cetera Investment Advisers bought a new position in Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Kovack Advisors Inc. acquired a new position in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at $226,000. Seven Mile Advisory bought a new stake in Flaherty & Crumrine Total Return Fund during the third quarter valued at $230,000. Finally, Osaic Holdings Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after acquiring an additional 629 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

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.