Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Declares Dividend Increase – $0.11 Per Share

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) declared a monthly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 24th will be given a dividend of 0.1067 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, August 24th. This is a 1.9% increase from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.10.

Flaherty & Crumrine Total Return Fund Stock Down 0.7%

NYSE FLC opened at $16.73 on Friday. Flaherty & Crumrine Total Return Fund has a 1-year low of $15.89 and a 1-year high of $18.09. The firm’s fifty day simple moving average is $16.83 and its 200-day simple moving average is $17.16.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.