Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Plans $0.12 Monthly Dividend

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Rating) announced a monthly dividend on Thursday, April 21st, Zacks reports. Investors of record on Monday, May 23rd will be given a dividend of 0.122 per share on Tuesday, May 31st. This represents a $1.46 annualized dividend and a yield of 7.85%. The ex-dividend date is Friday, May 20th.

Flaherty & Crumrine Total Return Fund has increased its dividend payment by an average of 0.2% per year over the last three years.

FLC stock opened at $18.65 on Wednesday. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $21.14. Flaherty & Crumrine Total Return Fund has a 12-month low of $17.86 and a 12-month high of $24.83.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in Flaherty & Crumrine Total Return Fund by 5.1% during the 1st quarter. Invesco Ltd. now owns 97,720 shares of the company’s stock worth $1,950,000 after buying an additional 4,706 shares during the period. LPL Financial LLC boosted its holdings in Flaherty & Crumrine Total Return Fund by 2.7% in the fourth quarter. LPL Financial LLC now owns 92,594 shares of the company’s stock valued at $2,110,000 after purchasing an additional 2,440 shares during the period. UBS Group AG grew its stake in Flaherty & Crumrine Total Return Fund by 25.2% during the 1st quarter. UBS Group AG now owns 31,209 shares of the company’s stock worth $622,000 after purchasing an additional 6,291 shares in the last quarter. Royal Bank of Canada grew its stake in Flaherty & Crumrine Total Return Fund by 5.3% during the 3rd quarter. Royal Bank of Canada now owns 28,976 shares of the company’s stock worth $695,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Flaherty & Crumrine Total Return Fund by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 22,871 shares of the company’s stock worth $558,000 after purchasing an additional 454 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile (Get Rating)

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.

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