Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Free Report) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.1086 per share by the investment management company on Tuesday, December 31st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 14.99%. The ex-dividend date of this dividend is Monday, December 16th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 12.8% per year over the last three years.
Cornerstone Strategic Value Fund Trading Up 0.1 %
Shares of CLM opened at $8.70 on Friday. Cornerstone Strategic Value Fund has a twelve month low of $6.50 and a twelve month 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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