Flaherty & Crumrine Total Return Fund Inc. to Issue Monthly Dividend of $0.09 (NYSE:FLC)

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders of record on Wednesday, April 23rd will be given a dividend of 0.0937 per share on Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Flaherty & Crumrine Total Return Fund has decreased its dividend by an average of 11.9% annually over the last three years.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC traded up $0.03 during mid-day trading on Friday, hitting $17.02. 14,715 shares of the company traded hands, compared to its average volume of 22,054. The business has a 50 day moving average of $16.73 and a 200 day moving average of $16.66. Flaherty & Crumrine Total Return Fund has a 1-year low of $14.51 and a 1-year high of $17.48.

About Flaherty & Crumrine Total Return Fund

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.