Flaherty & Crumrine Total Return Fund Inc.
FLCFinancial Services · Stock · monthly payer
Forward Yield
7.89%
Annual Dividend
$1.25
Payout Ratio
67%
5-Yr Growth
-4.3%
Ex-Date
Oct 23, 2026
Frequency
Monthly
Summary
As of September 2026, Flaherty & Crumrine Total Return Fund Inc. (FLC) yields 7.89% ($1.25 per share annually), with a blended fair-value estimate of $11.93 — -26% downside, so it screens as overvalued. Dividend safety grade: C (61/100). 2 years of dividend growth.
Is FLC a good dividend stock?
Yes, with caveatsFlaherty & Crumrine Total Return Fund Inc. (FLC) pays a monthly dividend yielding 7.89% ($1.25/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.89%
- Payout Ratio
- 67%
- Annual Dividend
- $1.25
- 5-Yr Avg Growth
- -4.3%
- Ex-Dividend Date
- Oct 23, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.64
- Market Cap
- $164.5M
- P/E Ratio
- 8.8
- 5-Yr Total Return
- -33%
- 52-Week Range
- $15.89 – $18.09
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
FLC Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+24%
5 Years
-33%
52-Week Range
$15.89 – $18.09
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FLC worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Flaherty & Crumrine Total Return Fund Inc. is $11.93 per share, versus a market price of $16.10. That implies 26% of downside.
Fair Value
$11.93
Current Price
$16.10
Downside
-26%
Margin of Safety
-35%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 7.3% annual free-cash-flow growth. We model -4.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.5% discount rate (CAPM), -4.5% stage-1 growth, 2.5% terminal growth, $1.79 EPS, $1.25 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FLC Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full FLC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 23, 2026 | — | $0.1070 | regular |
| Aug 24, 2026 | — | $0.1070 | regular |
| Jul 24, 2026 | — | $0.1050 | regular |
| Jun 23, 2026 | — | $0.1050 | regular |
| May 21, 2026 | — | $0.1050 | regular |
| Apr 23, 2026 | — | $0.1040 | regular |
| Mar 24, 2026 | — | $0.1040 | regular |
| Feb 20, 2026 | — | $0.1040 | regular |
| Jan 23, 2026 | — | $0.1040 | regular |
| Dec 23, 2025 | — | $0.1380 | regular |
| Nov 20, 2025 | — | $0.1000 | regular |
| Oct 24, 2025 | — | $0.0970 | regular |
| Sep 23, 2025 | — | $0.0970 | regular |
| Aug 22, 2025 | — | $0.0970 | regular |
Income Calculator
At $1.25 / yr per share
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