Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) declared a monthly dividend on Tuesday, February 11th, Wall Street Journal reports. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1853 per share by the investment management company on Friday, May 29th. This represents a $2.22 annualized dividend and a dividend yield of 18.80%. The ex-dividend date of this dividend is Thursday, May 14th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 7.3% annually over the last three years.
Shares of NYSEAMERICAN:CLM opened at $11.83 on Thursday. Cornerstone Strategic Value Fund has a 52-week low of $10.90 and a 52-week high of $12.58.
Cornerstone Strategic Value Fund Company Profile
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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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