Ex-Div Reminder For Cornerstone Progressive Return Fund (CFP)

Looking at the universe of stocks we cover at Dividend Channel, on 7/11/13, Cornerstone Progressive Return Fund (CFP) will trade ex-dividend, for its monthly dividend of $0.0854, payable on 7/31/13. As a percentage of CFP's recent stock price of $5.77, this dividend works out to approximately 1.48%, so look for shares of Cornerstone Progressive Return Fund to trade 1.48% lower — all else being equal — when CFP shares open for trading on 7/11/13.

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Below is a dividend history chart for CFP, showing historical dividends prior to the most recent $0.0854 declared by Cornerstone Progressive Return Fund:

CFP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CFP is likely to continue, and whether the current estimated yield of 17.76% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of CFP shares, versus its 200 day moving average:

Cornerstone Progressive Return Fund 200 Day Moving Average Chart

Looking at the chart above, CFP's low point in its 52 week range is $4.69 per share, with $6.25 as the 52 week high point — that compares with a last trade of $5.77.

According to the ETF Finder at ETF Channel, CFP makes up 2.14% of the Guggenheim Timber ETF ( CUT) which is trading up by about 0.9% on the day Tuesday.

In Tuesday trading, Cornerstone Progressive Return Fund shares are currently down about 0.9% on the day.

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