Is CLM a good dividend payer?
CLM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. View Cornerstone Strategic Value Fund's dividend history. Who are Cornerstone Strategic Value Fund's key executives? Who are some of Cornerstone Strategic Value Fund's key competitors?
What is the annual dividend for Cornerstone strategic value fund (CLM)?
The annual dividend for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) is $1.95. Learn more How often does Cornerstone Strategic Value Fund pay dividends? Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) pays monthly dividends to shareholders. When is Cornerstone Strategic Value Fund's next dividend payment?
What are the trading hours for new common stock (CLM)?
New Common Stock (CLM) Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices.
What is the current premium for CLM?
I’m going to be discussing CLM, the larger of the two. Both have announced another round to rights offerings with a record date of 16 April. The current premium for CLM is 14.1%. It has fallen from 36.1% on 6 April, the day the rights offering was announced.
Is CLM a good investment?
Investment Thesis CLM isn't a good income investment because it overpays the distribution. Its stock picks are pretty good. And given its very high distribution policy, I am quite impressed at how close it comes to covering it. But in the end, it is just paying out too much.
How does CLM dividend work?
Many investors play CLM by reinvesting its dividends back into stock at a price that is equal to its NAV (or 95% of its market value, whichever is higher). The fund's market price historically hovers around at a premium of approximately 20% to its NAV because it pays a large dividend.
Does CLM pay a monthly dividend?
Schedule monthly income from dividend stocks with a monthly payment frequency. Diversify across sectors or allocate more towards a bullish sector thesis. Quickest stock price recoveries post dividend payment.
What is the forecast for CLM stock?
Given the current short-term trend, the fund is expected to fall -22.32% during the next 3 months and, with a 90% probability hold a price between $5.36 and $8.25 at the end of this 3-month period.
Is CLM a buy or sell?
Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and CLM is experiencing slight buying pressure.
Is CLM an ETF?
Cornerstone Strategic Value Fund is registered as a diversified, closed-end management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of U.S. and non-U.S. companies....ETFCLMDiv Yield23.97PE Ratio4.84EPS1.8711 more rows
What is the net asset value of CLM?
OverviewShare PriceNAVCurrent$8.82$7.8352 Wk Avg$12.66$9.4152 Wk High$14.75$10.5452 Wk Low$7.60$7.38
What stocks pay dividends monthly?
No business development companies (BDC), which are a risky segment that often pays monthly dividends....Realty Income (O) ... SL Green (SLG) ... STAG Industrial (STAG) ... AGNC Investment (AGNC) ... Apple Hospitality REIT (APLE) ... EPR Properties (EPR) ... Agree Realty (ADC)
What is the ex-dividend date for CLM stock?
CLM Dividend HistoryEx/EFF DATETYPECASH AMOUNT02/13/2020CASH$0.185301/14/2020CASH$0.185312/13/2019CASH$0.205311/14/2019CASH$0.205375 more rows
What does CLM stock invest in?
Altogether, CLM's portfolio has 119 stocks, more than 92 percent of which are large-cap stocks. Almost half of the fund is invested in blue-chip stocks from information technology & communication (ITC) and the financial sector.
Is CLM a closed end fund?
CLM is a diversified, closed-end fund that invests in both U.S. and non-U.S. equities with the goal of long-term capital appreciation. The fund pays a consistently high dividend.
Where to buy CLM stock?
Shares of CLM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
How has Cornerstone Strategic Value Fund's stock performed in 2022?
Cornerstone Strategic Value Fund's stock was trading at $13.87 on January 1st, 2022. Since then, CLM stock has decreased by 30.1% and is now tradin...
Are investors shorting Cornerstone Strategic Value Fund?
Cornerstone Strategic Value Fund saw a increase in short interest in April. As of April 30th, there was short interest totaling 13,480,000 shares,...
How often does Cornerstone Strategic Value Fund pay dividends? What is the dividend yield for Cornerstone Strategic Value Fund?
Cornerstone Strategic Value Fund declared a monthly dividend on Wednesday, May 18th. Shareholders of record on Thursday, September 15th will be pai...
Is Cornerstone Strategic Value Fund a good dividend stock?
Cornerstone Strategic Value Fund(NYSEAMERICAN:CLM) pays an annual dividend of $2.03 per share and currently has a dividend yield of 20.88%. CLM has...
Who are Cornerstone Strategic Value Fund's key executives?
Cornerstone Strategic Value Fund's management team includes the following people: Ralph W. Bradshaw , Chairman & President Rachel L. McNabb , Ch...
Who are some of Cornerstone Strategic Value Fund's key competitors?
Some companies that are related to Cornerstone Strategic Value Fund include iShares MSCI Pacific ex Japan ETF (EPP) , WisdomTree Emerging Markets...
What other stocks do shareholders of Cornerstone Strategic Value Fund own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Cornerstone Strategic Value Fund investors own include Cor...
What is Cornerstone Strategic Value Fund's stock symbol?
Cornerstone Strategic Value Fund trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "CLM."
Who are Cornerstone Strategic Value Fund's major shareholders?
Cornerstone Strategic Value Fund's stock is owned by a number of retail and institutional investors. Top institutional investors include Centaurus...
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Cornerstone Strategic Value Fund, Inc. New (CLM) Company Bio
Cornerstone Strategic Value Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
What is the CLM symbol?
Cornerstone Strategic Value Fund, Inc. is a closed-end, diversified management investment company and is registered with the U.S. Securities & Exchange Commission (“SEC”) under the Investment Company Act of 1940, as amended. Cornerstone Strategic Value Fund, Inc. is traded on the NYSE American under the trading symbol “CLM”.
What is the risk of investing in closed end funds?
An investment in the Fund is subject to certain risks, including market risk . In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price that is more or less than the original purchase price or the net asset value.
When will the stock market be issued in 2021?
It is anticipated that shares will be issued on or about Thursday, May 20 , 2021.
Summary
CLM, a fund sponsored by Cornerstone, takes a unique approach to CEF strategy.
Should You Exercise Rights from Cornerstone?
The Cornerstone closed-end funds (CLM and CRF) are again planning to expand through rights offerings. In general, these are not funds that I expect to hold or would recommend. But as I learned when I delved into them a few years ago, they have their fans and advocates.
Previous CLM Research
In an older article ( here ), I followed Cornerstone Strategic Value Fund, the larger of the two Cornerstone’s CEFs, from mid-July 2011 (the earliest date for which I was able to obtain historical NAVs) through May 2018 to see if the points made by the fund’s advocates held up under scrutiny.
Cornerstone Strategic Value Fund
There are two Cornerstone funds, CLM and CRF. I’m going to be discussing CLM, the larger of the two. Both have announced another round to rights offerings with a record date of 16 April.
Distribution Rate
With the 35% premiums the fund’s $0.1602 monthly distribution generated a 14.6% market yield. At the current price the distribution rate is 16.6%. CLM had often run double-digit distribution rates, which is what justified (in the minds of some investors) their double-digit premiums.
CLM's Portfolio
The fund holds 97.3% of its assets in equity, 94% of which is domestic.
Distribution History
The distribution history for the fund is one of continual decline. The distribution is reset each year for twelve months. As this chart shows there has been only one year in which the distribution increased, and that by an amount that is barely perceptible on this chart, since mid-2008.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
Cornerstone Strategic Value Fund, Inc finds support from accumulated volume at $13.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Cornerstone Strategic Value Fund, Inc fund A Buy?
Cornerstone Strategic Value Fund, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Insiders are neutral buying more shares than they are selling in Cornerstone Strategic Value Fund, Inc
In the last 53 trades there were 141.39 thousand shares bought and 36.42 thousand shares sold. The last trade was done 158 days ago by Morris Matthew who sold 13 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
About Cornerstone Strategic Value Fund, Inc
Cornerstone Strategic Value Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
What is Cornerstone Strategic Value Fund's dividend yield?
The current dividend yield for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) is 14.08%. Learn more
How much is Cornerstone Strategic Value Fund's annual dividend?
The annual dividend for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) is $1.96. Learn more
How often does Cornerstone Strategic Value Fund pay dividends?
Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM) pays monthly dividends to shareholders.
When is Cornerstone Strategic Value Fund's next dividend payment?
Cornerstone Strategic Value Fund's next monthly dividend payment of $0.1808 per share will be made to shareholders on Thursday, June 30, 2022.
When is Cornerstone Strategic Value Fund's next dividend payment?
Cornerstone Strategic Value Fund's next monthly dividend payment of $0.1808 per share will be made to shareholders on Tuesday, May 31, 2022.
When is Cornerstone Strategic Value Fund's next dividend payment?
Cornerstone Strategic Value Fund's next monthly dividend payment of $0.1808 per share will be made to shareholders on Friday, April 29, 2022.
When is Cornerstone Strategic Value Fund's next dividend payment?
Cornerstone Strategic Value Fund's next monthly dividend payment of $0.1808 per share will be made to shareholders on Friday, April 29, 2022.
News
Cornerstone Strategic Value Fund Inc is a closed-end management investment company. The fund's objective is to seek long-term capital appreciation through investments in equity securities of U.S. and non-U.S. companies.
Trending Stocks
Investors may trade in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is strictly voluntary and as a result, these sessions may offer less liquidity and inferior prices. Stock prices may also move more quickly in this environment.
How does CLM work?
Essentially, allowing current investors to reinvest additional funds into it. CLM invests in a vast array of CEFs, funds, and individual securities. Looking into its portfolio at the end of 2017, CLM contains some strong winners:
What is a CLM fund?
Cornerstone Strategic Value Fund ( CLM) is a high income closed-end fund, CEF, that gives its manager great freedom. Essentially, so long as the fund holds no more than 3% of another equity, the manager can invest as he sees fit. This fund pays out an amazing yield of 20%. But is it covering this dividend or paying the ultimate shell game with investors' money? We will look at how the fund generates its income, its total performance over the last number of years and come to our outcome - it's not a scam, but it is easy to confuse it for one.
Is CLM a CEF?
CLM is a highly active CEF. The portfolio is in near constant flux due to manager's attempt to capture gains from value plays and contrarian investments. Over the past three years, CLM's portfolio has turned over 81-88%. This rapid changing of holdings is where CLM is trying to capture its gains.
Does CLM have NAV?
CLM attempts to be that solution. Historically, it has provided investors with large swaths of income but slowly destroyed its own NAV. If CLM's management can keep out earning what it pays, then income investors can have their cake and eat it too. Getting massive income from using a value investor as its generator.
Does CLM have a yield policy?
CLM makes no excuses for its yield. It openly states that its yield is derived from a managed distribution policy. This means management at the end of year determines how much it will be paying investors for the entire year - regardless if the fund earns it or not. CLM distributes 21% of its net asset value, NAV.