Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Announces Dividend Increase – $0.09 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) announced a monthly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Friday, June 21st will be given a dividend of 0.0897 per share on Friday, June 28th. This represents a $1.08 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Friday, June 21st. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09.

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 annually for the last 1 consecutive years.

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock traded up $0.02 during mid-day trading on Friday, hitting $14.62. The company’s stock had a trading volume of 36,912 shares, compared to its average volume of 39,536. The business has a 50 day moving average price of $15.09 and a 200-day moving average price of $14.48. Flaherty & Crumrine Total Return Fund has a 12 month low of $12.62 and a 12 month high of $15.50.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Several hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. increased its position 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 acquiring an additional 1,338 shares during the period. Advisor Group Holdings Inc. increased its position 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 acquiring an additional 2,241 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at about $205,000. HighTower Advisors LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $210,000. Finally, Money Concepts Capital Corp purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $234,000.

About Flaherty & Crumrine Total Return Fund

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.