Reminder - Cornerstone Progressive Return Fund (CFP) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/11/14, Cornerstone Progressive Return Fund (CFP) will trade ex-dividend, for its monthly dividend of $0.0773, payable on 6/30/14. As a percentage of CFP's recent stock price of $4.73, this dividend works out to approximately 1.63%, so look for shares of Cornerstone Progressive Return Fund to trade 1.63% lower — all else being equal — when CFP shares open for trading on 6/11/14.

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Below is a dividend history chart for CFP, showing historical dividends prior to the most recent $0.0773 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 19.61% 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 $4.58 per share, with $6.02 as the 52 week high point — that compares with a last trade of $4.73.

According to the ETF Finder at ETF Channel, CFP makes up 4.61% of the Guggenheim Timber ETF ( CUT) which is trading up by about 0.5% on the day Monday.

In Monday trading, Cornerstone Progressive Return Fund shares are currently up about 0.2% on the day.

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