CLM: Equity CEF With A 18% Yield [Seeking Alpha]
Cornerstone Strategic Value Fund, Inc. New (CLM)
NASDAQ:AMEX Investor Relations:
cornerstonestrategicvaluefund.com
Company Research
Source: Seeking Alpha
For the January 2024 payment date, over 50% of the dividend represents return of capital. Thesis Cornerstone Strategic Value Fund, Inc. ( NYSE: CLM ) is a closed-end management investment company, originally incorporated on May 1, 1987. The vehicle is an equity CEF, aiming to provide investors with high dividends from a portfolio of equity holdings. Long term, the fund's total return matches the one exhibited by the S&P 500, but CLM is a classic story of a CEF marketing itself via a high dividend yield, with the vehicle now paying 18%. In this article we are going to have a closer look at this CEF, its composition and financial engineering, and derive an opinion on whether retail investors are well served by entering this name at the current juncture. The CEF has closely mirrored the S&P 500 until the 'AI' revolution If we have a look at the total returns posted by the fund over a long period of time, we can notice CLM did a fairly good job of mirroring the S&P 500 total re
Show less
Read more
Impact Snapshot
Event Time:
CLM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CLM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CLM alerts
High impacting Cornerstone Strategic Value Fund, Inc. New news events
Weekly update
A roundup of the hottest topics
CLM
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