Cornerstone Total Return Fund, Inc. Announces Monthly Dividend of $0.12 (NYSEAMERICAN:CRF)

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, August 17th. Investors of record on Thursday, October 15th will be given a dividend of 0.1176 per share by the investment management company on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 21.2%. The ex-dividend date is Thursday, October 15th.

Cornerstone Total Return Fund Stock Down 5.4%

Shares of CRF traded down $0.38 during trading hours on Monday, reaching $6.66. 5,472,243 shares of the stock traded hands, compared to its average volume of 1,421,919. Cornerstone Total Return Fund has a 52 week low of $6.55 and a 52 week high of $8.25. The stock has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $7.22.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.