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 paid a dividend of 0.1224 per share by the investment management company on Monday, June 30th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 16.37%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Cornerstone Strategic Value Fund’s previous monthly dividend of $0.11.
Cornerstone Strategic Value Fund has raised its dividend by an average of 69.4% annually over the last three years.
Cornerstone Strategic Value Fund Stock Performance
NYSEAMERICAN:CLM opened at $8.97 on Tuesday. Cornerstone Strategic Value Fund has a 1 year low of $6.50 and a 1 year 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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