Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Raises Dividend to $0.09 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Wednesday, January 22nd,NASDAQ Dividends reports. Investors of record on Friday, February 21st will be paid a dividend of 0.0937 per share on Friday, February 28th. This represents a $1.12 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.03.

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

Flaherty & Crumrine Total Return Fund Price Performance

NYSE:FLC traded up $0.12 on Thursday, hitting $17.05. The company’s stock had a trading volume of 30,537 shares, compared to its average volume of 22,581. Flaherty & Crumrine Total Return Fund has a one year low of $14.51 and a one year high of $17.48. The stock has a fifty day moving average of $16.73 and a two-hundred day moving average of $16.66.

Flaherty & Crumrine Total Return Fund Company Profile

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.