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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.0937 per share on Friday, November 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% per year over the last three years.

Flaherty & Crumrine Total Return Fund Stock Down 0.1 %

FLC traded down $0.01 during trading hours on Monday, hitting $17.26. The company’s stock had a trading volume of 61,710 shares, compared to its average volume of 31,653. The company has a 50-day simple moving average of $16.92 and a 200 day simple moving average of $15.90. Flaherty & Crumrine Total Return Fund has a fifty-two week low of $12.64 and a fifty-two week high of $17.48.

Flaherty & Crumrine Total Return Fund Company Profile

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.