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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Friday, June 21st will be paid a dividend of 0.0897 per share on Friday, June 28th. This represents a $1.08 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Friday, June 21st.

Flaherty & Crumrine Total Return Fund has decreased its dividend payment by an average of 10.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC opened at $14.62 on Monday. Flaherty & Crumrine Total Return Fund has a 1-year low of $12.62 and a 1-year high of $15.50. The firm has a fifty day moving average price of $15.09 and a 200 day moving average price of $14.51.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 0.9% in the third quarter. LPL Financial LLC now owns 117,867 shares of the company’s stock valued at $1,614,000 after buying an additional 998 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 15.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,845 shares of the company’s stock valued at $155,000 after buying an additional 1,338 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.2% in the first quarter. HighTower Advisors LLC now owns 14,850 shares of the company’s stock valued at $219,000 after buying an additional 1,500 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 16.2% in the first quarter. NewEdge Advisors LLC now owns 15,450 shares of the company’s stock valued at $213,000 after buying an additional 2,150 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 28.3% in the first quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock valued at $203,000 after buying an additional 2,241 shares during the last quarter.

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.