Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM - Get Free Report) declared a monthly dividend on Monday, February 10th,Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given 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 yield of 16.16%. The ex-dividend date is Monday, June 16th. This is a boost from Cornerstone Strategic Value Fund's previous monthly dividend of $0.11.
Cornerstone Strategic Value Fund has increased its dividend payment by an average of 69.4% annually over the last three years.
Cornerstone Strategic Value Fund Stock Performance
CLM traded up $0.08 during trading on Thursday, reaching $9.09. 4,108,727 shares of the stock were exchanged, compared to its average volume of 1,708,744. Cornerstone Strategic Value Fund has a twelve month low of $6.50 and a twelve month high of $9.30.
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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