Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) announced a monthly dividend on Monday, August 13th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.2365 per share by the investment management company on Monday, December 31st. This represents a $2.84 annualized dividend and a yield of 23.09%. The ex-dividend date is Thursday, December 13th.
Cornerstone Strategic Value Fund has decreased its dividend payment by an average of 15.4% annually over the last three years.
CLM opened at $12.29 on Friday. Cornerstone Strategic Value Fund has a 52-week low of $11.27 and a 52-week high of $16.24.
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About Cornerstone Strategic Value Fund
Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc 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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