Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) declared a -- dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.1224 per share by the investment management company on Friday, February 28th. This represents a dividend yield of 18.1%. The ex-dividend date is Friday, February 14th.
Cornerstone Strategic Value Fund has decreased its dividend by an average of 12.8% per year over the last three years.
Cornerstone Strategic Value Fund Price Performance
Shares of CLM traded up $0.04 during trading hours on Tuesday, hitting $8.13. The company had a trading volume of 1,019,747 shares, compared to its average volume of 1,444,977. Cornerstone Strategic Value Fund has a 12 month low of $6.50 and a 12 month high of $8.17. The stock has a fifty day moving average price of $7.41.
About Cornerstone Strategic Value Fund
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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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