Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) announced a monthly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Thursday, August 15th will be given a dividend of 0.1086 per share by the investment management company on Friday, August 30th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 17.12%. The ex-dividend date is Thursday, August 15th.
Cornerstone Strategic Value Fund has decreased its dividend by an average of 12.8% annually over the last three years.
Cornerstone Strategic Value Fund Stock Up 1.5 %
CLM stock traded up $0.11 during mid-day trading on Monday, hitting $7.61. The stock had a trading volume of 1,136,732 shares, compared to its average volume of 1,421,053. Cornerstone Strategic Value Fund has a 52 week low of $6.25 and a 52 week high of $8.84. The stock’s fifty day moving average is $7.37.
About Cornerstone Strategic Value Fund
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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