Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Increases Dividend to $0.09 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.0937 per share on Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.03.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of Flaherty & Crumrine Total Return Fund stock traded up $0.12 during trading hours on Thursday, hitting $17.05. 30,537 shares of the company were exchanged, compared to its average volume of 22,581. The business has a 50-day moving average of $16.73 and a 200-day moving average of $16.66. Flaherty & Crumrine Total Return Fund has a 1 year low of $14.51 and a 1 year high of $17.48.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.