Cash Dividend On The Way From Cornerstone Strategic Value Fund Incorporated (CLM)

Looking at the universe of stocks we cover at Dividend Channel, on 5/13/15, Cornerstone Strategic Value Fund Incorporated (CLM) will trade ex-dividend, for its monthly dividend of $0.368, payable on 5/29/15. As a percentage of CLM's recent stock price of $22.77, this dividend works out to approximately 1.62%, so look for shares of Cornerstone Strategic Value Fund Incorporated to trade 1.62% lower — all else being equal — when CLM shares open for trading on 5/13/15.

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Below is a dividend history chart for CLM, showing historical dividends prior to the most recent $0.368 declared by Cornerstone Strategic Value Fund Incorporated:

CLM+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 CLM is likely to continue, and whether the current estimated yield of 19.39% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of CLM shares, versus its 200 day moving average:

Cornerstone Strategic Value Fund Incorporated 200 Day Moving Average Chart

Looking at the chart above, CLM's low point in its 52 week range is $16.48 per share, with $25.72 as the 52 week high point — that compares with a last trade of $22.77.

In Tuesday trading, Cornerstone Strategic Value Fund Incorporated shares are currently down about 0.6% on the day.

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