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

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.1168 per share by the investment management company on Monday, June 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 15.61%. The ex-dividend date of this dividend is Monday, June 16th.

Cornerstone Total Return Fund has raised its dividend by an average of 55.7% per year over the last three years.

Cornerstone Total Return Fund Price Performance

Shares of CRF opened at $8.98 on Wednesday. The firm has a 50-day moving average of $8.04. Cornerstone Total Return Fund has a 52-week low of $6.52 and a 52-week high of $9.75.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.