Cornerstone Strategic Value Fund's 19.4% Yield Is Not That Great A Deal [Seeking Alpha]
Cornerstone Strategic Value Fund, Inc. New (CLM)
NASDAQ:AMEX Investor Relations:
cornerstonestrategicvaluefund.com
Company Research
Source: Seeking Alpha
Summary You can probably expect Cornerstone Strategic Value Fund to continue to $0.1853 per month to the end of the year. That gives the closed-end fund a 19.4% dividend yield. But you can also expect this CEF to cut the dividend next year, as it does every year. This will be announced in November 2020. Moreover, most of the dividend is a return of capital payment. It does not reflect net income earnings of the company. So, your cost basis falls when you receive it. Those are the cons. The pros are the fact that it invests in long-term value stocks. That gives the fund a chance of having outsized returns that can overcome the declining dividend effect on the stock price. Cornerstone Strategic Value Fund - Some Thoughts At first glance, you might think the 19.4% dividend yield of the Cornerstone Strategic Value Fund ( CLM After all, this closed-end fund ("CEF") more or less will likely continue paying out monthly dividends at the $0.1853 per month rate. This has been CLM's custom for t
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Sec Filings
- 3/13/24 - Form N-CEN/A
- 3/8/24 - Form N-CEN
- 2/29/24 - Form N-CSR
- CLM's page on the SEC website