Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) announced a monthly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.1224 per share by the investment management company on Monday, June 30th. This represents a $1.47 annualized dividend and a yield of 16.36%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Cornerstone Strategic Value Fund’s previous monthly dividend of $0.11.
Cornerstone Strategic Value Fund has raised its dividend payment by an average of 69.4% per year over the last three years.
Cornerstone Strategic Value Fund Price Performance
Shares of Cornerstone Strategic Value Fund stock opened at $8.98 on Wednesday. Cornerstone Strategic Value Fund has a 52-week low of $6.50 and a 52-week high of $9.30.
Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
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