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

by · The Markets Daily

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) declared a monthly dividend on Monday, August 4th. Investors of record on Monday, December 15th will be given a dividend of 0.1168 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 17.5%. The ex-dividend date is Monday, December 15th.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN CRF traded up $0.02 during trading on Friday, reaching $8.00. The company’s stock had a trading volume of 4,873,829 shares, compared to its average volume of 943,737. The firm has a fifty day moving average of $7.98 and a 200 day moving average of $7.86. Cornerstone Total Return Fund has a one year low of $5.81 and a one year high of $9.12.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Several hedge funds have recently bought and sold shares of CRF. Alpine Global Management LLC increased its holdings in shares of Cornerstone Total Return Fund by 17.2% in the 3rd quarter. Alpine Global Management LLC now owns 3,374,217 shares of the investment management company’s stock worth $27,129,000 after buying an additional 496,105 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in Cornerstone Total Return Fund in the third quarter worth $88,000. Boothbay Fund Management LLC increased its stake in Cornerstone Total Return Fund by 9.4% in the third quarter. Boothbay Fund Management LLC now owns 3,036,684 shares of the investment management company’s stock valued at $24,415,000 after acquiring an additional 260,814 shares during the last quarter. Raymond James Financial Inc. raised its position in Cornerstone Total Return Fund by 25.9% during the third quarter. Raymond James Financial Inc. now owns 503,559 shares of the investment management company’s stock valued at $4,049,000 after purchasing an additional 103,640 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in Cornerstone Total Return Fund during the third quarter worth about $370,000. 10.41% of the stock is currently owned by institutional investors.

About Cornerstone Total Return Fund

(Get Free Report)

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.

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