Flaherty & Crumrine Total Return Fund Inc.
FLC
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Flaherty & Crumrine Total Return Fund Inc. (NYSE: FLC) is a closed-end balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund's primary investment objective is to provide high current income to holders of its common stock, with a secondary objective of capital appreciation, through investments in the public equity and fixed income markets of the United States. It primarily invests in investment-grade securities consisting of preferred securities, including traditional preferred stock and hybrid securities with characteristics of both equity and debt; trust preferred securities; and other income-producing securities comprising various debt securities issued by companies operating across utilities, banking, and related sectors, with performance benchmarked against the Barclays Capital U.S. Aggregate Index and the S&P 500 Index. Founded on August 26, 2003 and headquartered at 301 E. Colorado Boulevard, Suite 800, Pasadena, California, the fund targets income-focused investors seeking monthly distributions and operates exclusively within U.S. markets. Previously known as Flaherty & Crumrine/Claymore Total Return Fund Inc., it reflects the firm's specialization in preferred and income securities across its suite of closed-end funds. In recent developments, the fund has announced multiple monthly dividend increases, including a 2.6% rise to $0.0937 per share, a 1.8% increase to $0.0913 per share, and a 4.8% hike to $0.0897 per share, alongside a special year-end distribution of $0.0340 per share payable December 31, 2025, as part of December 2025 and January 2026 dividends declared jointly with affiliated Flaherty & Crumrine funds. These adjustments follow a period of distribution cuts and support a forward yield of approximately 6.6-6.9%, with recent ex-dividend dates including August 22, 2025. No major acquisitions, partnerships, or structural reorganizations have been reported in the last 1-2 years, with focus remaining on portfolio optimization amid interest rate changes.