Cornerstone Strategic Value Fund, Inc.（CLM）将于5月12日除息

Cornerstone Strategic Value Fund, Inc. (NYSEAMERICAN:CLM – Get Rating) declared a monthly dividend on Tuesday, February 14th, Wall Street Journal reports. Stockholders of record on Monday, May 15th will be paid a dividend of 0.1228 per share by the investment management company on Wednesday, May 31st. This represents a $1.47 annualized dividend and a dividend yield of 18.06%. The ex-dividend date of this dividend is Friday, May 12th.

Cornerstone Strategic Value Fund has decreased its dividend by an average of 6.0% per year over the last three years.

Cornerstone Strategic Value Fund Stock Performance

Shares of NYSEAMERICAN:CLM opened at $8.16 on Thursday. Cornerstone Strategic Value Fund has a one year low of $7.20 and a one year high of $14.50.

Institutional Investors Weigh In On Cornerstone Strategic Value Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Cornerstone Strategic Value Fund by 20.4% in the 1st quarter. Royal Bank of Canada now owns 5,754 shares of the investment management company's stock valued at $81,000 after buying an additional 975 shares during the last quarter. Jane Street Group LLC acquired a new position in Cornerstone Strategic Value Fund in the 3rd quarter valued at about $123,000. Bank of America Corp DE grew its stake in Cornerstone Strategic Value Fund by 177.2% in the 1st quarter. Bank of America Corp DE now owns 14,819 shares of the investment management company's stock valued at $208,000 after buying an additional 9,474 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Cornerstone Strategic Value Fund in the 1st quarter valued at about $229,000. Finally, NewEdge Advisors LLC grew its stake in Cornerstone Strategic Value Fund by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 18,360 shares of the investment management company's stock valued at $259,000 after buying an additional 1,160 shares during the last quarter. 52.94% of the stock is owned by institutional investors.

Cornerstone Strategic Value Fund Company Profile

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Cornerstone Strategic Value Fund, Inc is a closed-end investment company, which enagages in the objective of seeking long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies. The company was founded in May 1987 and is headquartered in Cincinnati, OH.

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