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

Cornerstone Strategic Investment Fund, Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, August 17th. Shareholders of record on Tuesday, December 15th will be paid a dividend of 0.1215 per share by the investment management company on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date is Tuesday, December 15th.

Cornerstone Strategic Investment Fund Stock Performance

Shares of NYSEAMERICAN:CLM opened at $6.84 on Wednesday. Cornerstone Strategic Investment Fund has a twelve month low of $6.79 and a twelve month high of $8.53. The firm has a 50 day simple moving average of $7.43 and a 200-day simple moving average of $7.53.

Institutional Investors Weigh In On Cornerstone Strategic Investment Fund

Several hedge funds have recently made changes to their positions in CLM. WJ Financial Advisors LLC lifted its position in Cornerstone Strategic Investment Fund by 69.2% during the 1st quarter. WJ Financial Advisors LLC now owns 444,915 shares of the investment management company’s stock worth $3,239,000 after acquiring an additional 181,900 shares during the period. Sculptor Capital LP raised its stake in shares of Cornerstone Strategic Investment Fund by 5.9% during the first quarter. Sculptor Capital LP now owns 3,143,589 shares of the investment management company’s stock worth $22,885,000 after purchasing an additional 175,853 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Cornerstone Strategic Investment Fund by 12.9% during the first quarter. Cetera Investment Advisers now owns 1,355,378 shares of the investment management company’s stock worth $9,867,000 after purchasing an additional 155,132 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in shares of Cornerstone Strategic Investment Fund during the second quarter worth $595,000. Finally, PFG Investments LLC lifted its holdings in shares of Cornerstone Strategic Investment Fund by 37.5% during the first quarter. PFG Investments LLC now owns 4,123,031 shares of the investment management company’s stock worth $30,016,000 after purchasing an additional 1,125,223 shares during the period.

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.