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Two Cornerstone funds declare $0.12 dividend, boosting annual averages by 46.3% to 59.2%.
Cornerstone Strategic Value Fund, Inc. (CLM) and Cornerstone Total Return Fund, Inc. have both declared a $0.12 per share dividend, payable on April 30th to shareholders of record on April 15th.
CLM has increased its dividend by an average of 59.2% annually over the past three years, while the Total Return Fund has increased its dividend by 46.3% annually over the same period.
CLM's stock was trading at $7.18 on February 7th, with a 50-day moving average of $7.96 and a 200-day moving average of $8.01.
The Total Return Fund's shares opened at $6.96 on the announcement day, with 50-day and 200-day moving averages at $7.82 and $8.10, respectively.
Dos fondos Cornerstone declaran dividendo de $0,12, aumentando los promedios anuales en 46,3% a 59,2%.