Flaherty & Crumrine Total Return Fund (FLC) Dividend

Flaherty & Crumrine Total Return Fund Inc. · Financial Services · Asset Management · monthly payer

$15.89

As of Nov 8, 2026, Flaherty & Crumrine Total Return Fund (FLC) pays a monthly dividend of $0.1070 per share, or $1.28 a year, a 8.06% yield at its $15.89 share price. The next ex-dividend date is Nov 20, 2026, paid Dec 4, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

8.06%

Annual Dividend

$1.28

Payout Ratio

67%

5-Yr Growth

-4.3%

Ex-Date

Nov 20, 2026

Frequency

Monthly

Key facts about FLC's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Flaherty & Crumrine Total Return Fund Inc. (FLC) has a forward dividend yield of 8.06%, based on an annual dividend of $1.28 per share and a share price of $15.89.
As of Nov 8, 2026, FLC's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Flaherty & Crumrine Total Return Fund Inc. (FLC) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
FLC last cut its regular dividend in 2023.
FLC's next ex-dividend date is Nov 20, 2026, with payment on Dec 4, 2026. Shares must be owned before that date to receive the dividend.
As of Nov 8, 2026, FLC pays out 67% of its trailing 12-month earnings as dividends (its payout ratio).
FLC's dividend has shrunk at an average rate of 4.3% a year over the past five years.
As of Nov 8, 2026, FLC's 8.06% yield is 13% above its five-year average yield of 7.13%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for FLC is $17.58 per share, 11% above the $15.89 share price, so FLC screens as fairly valued.
Flaherty & Crumrine Total Return Fund Inc. (FLC) pays its dividend monthly, 12 times a year.
Flaherty & Crumrine Total Return Fund Inc. (FLC) has raised its regular dividend 20 times and cut it 18 times across the 275 payments on record since 2003. Its most recent change was a 1.9% increase to $0.107 per share, going ex-dividend on Aug 24, 2026. The last cut went ex-dividend on Aug 23, 2023.

Cite this page

SmarterDividends, "FLC Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/FLC

Is FLC a good dividend stock?

Yes, with caveats

Flaherty & Crumrine Total Return Fund Inc. (FLC) pays a monthly dividend yielding 8.06% ($1.28/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
Very high yield can signal elevated risk
Share price is down over the past 5 years

Key Data

Dividend Yield: 8.06%
Payout Ratio: 67%
Annual Dividend: $1.28
5-Yr Avg Growth: -4.3%
Ex-Dividend Date: Nov 20, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.67
Market Cap: $166.2M
P/E Ratio: 8.9
5-Yr Total Return: -30%
52-Week Range: $15.33 – $18.09
Dividend Safety: C · 59/100
Ever Cut?: Yes (2023)

FLC dividend raises and cuts

Flaherty & Crumrine Total Return Fund Inc. (FLC) has raised its regular dividend 20 times and cut it 18 times across the 275 payments on record since 2003. Its most recent change was a 1.9% increase to $0.107 per share, going ex-dividend on Aug 24, 2026. The last cut went ex-dividend on Aug 23, 2023.

Ex-date	Change	Old → new	Move
Aug 24, 2026	Raise	$0.105 → $0.107	+1.9%
May 21, 2026	Raise	$0.104 → $0.105	+1.0%
Jan 23, 2026	Raise	$0.100 → $0.104	+4.0%
Nov 20, 2025	Raise	$0.0970 → $0.100	+3.1%
Aug 22, 2025	Raise	$0.0960 → $0.0970	+1.0%
May 23, 2025	Raise	$0.0940 → $0.0960	+2.1%
Nov 21, 2024	Raise	$0.0910 → $0.0940	+3.3%
Aug 23, 2024	Raise	$0.0900 → $0.0910	+1.1%
May 22, 2024	Raise	$0.0860 → $0.0900	+4.7%
Feb 21, 2024	Raise	$0.0840 → $0.0860	+2.4%
Aug 23, 2023	Cut	$0.0890 → $0.0840	−5.6%
May 22, 2023	Cut	$0.0960 → $0.0890	−7.3%

Show all 38 changes since 2004

Ex-date	Change	Old → new	Move
Feb 17, 2023	Cut	$0.104 → $0.0960	−7.7%
Oct 21, 2022	Cut	$0.112 → $0.104	−7.1%
Aug 23, 2022	Cut	$0.122 → $0.112	−8.2%
May 20, 2022	Cut	$0.128 → $0.122	−4.7%
Jan 21, 2022	Cut	$0.130 → $0.128	−1.5%
May 20, 2021	Cut	$0.132 → $0.130	−1.5%
Aug 21, 2020	Raise	$0.121 → $0.132	+9.1%
May 21, 2020	Raise	$0.115 → $0.121	+5.2%
Jan 23, 2019	Cut	$0.119 → $0.115	−3.4%
Feb 20, 2018	Cut	$0.126 → $0.119	−5.6%
Aug 22, 2017	Cut	$0.133 → $0.126	−5.3%
Dec 20, 2016	Cut	$0.136 → $0.133	−2.2%
Jan 22, 2013	Cut	$0.140 → $0.136	−2.9%
Aug 22, 2011	Raise	$0.135 → $0.140	+3.7%
Jan 20, 2011	Raise	$0.132 → $0.135	+2.3%
Aug 20, 2010	Raise	$0.125 → $0.132	+5.6%
May 19, 2010	Raise	$0.116 → $0.125	+7.8%
Dec 21, 2009	Raise	$0.110 → $0.116	+5.5%
Dec 19, 2008	Cut	$0.123 → $0.110	−10.6%
Oct 22, 2008	Cut	$0.137 → $0.123	−10.2%
Jul 22, 2008	Raise	$0.130 → $0.137	+5.4%
Dec 19, 2007	Raise	$0.128 → $0.130	+1.6%
Mar 22, 2006	Cut	$0.140 → $0.128	−8.6%
Dec 20, 2005	Cut	$0.148 → $0.140	−5.4%
Apr 20, 2005	Cut	$0.163 → $0.148	−9.2%
Apr 21, 2004	Raise	$0.162 → $0.163	+0.6%

Every FLC payment →Download every raise and cut (CSV)

FLC ex-dividend date & scheduleNext ex-date Nov 20, 2026 · full ex-dividend historyView →FLC dividend historyEvery payment, totals by year, raises and cutsView →FLC dividend calculator100 shares pay $128.00 a year, $10.67 each monthCalculate →FLC total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is FLC a good dividend stock?

Yes, with caveats. Flaherty & Crumrine Total Return Fund Inc. (FLC) pays a monthly dividend yielding 8.06% ($1.28/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.

Is FLC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FLC's fair value is about $17.58 versus a $15.89 share price — so it looks fairly valued (+11% vs. fair value).

Is FLC's dividend safe?

FLC has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is FLC's fair value?

Our blended fair-value estimate for FLC is about $17.58 per share, roughly 11% above the current $15.89 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FLC a buy, hold, or sell?

We don't issue formal ratings, but on the data FLC screens as "yes, with caveats" and fairly valued. Flaherty & Crumrine Total Return Fund Inc. (FLC) pays a monthly dividend yielding 8.06% ($1.28/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. This is research for your own analysis, not investment advice.

Will FLC cut its dividend?

FLC earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FLC pay a dividend?

Yes. Flaherty & Crumrine Total Return Fund Inc. pays a monthly dividend of about $1.28 per share annually, a forward yield of roughly 8.06%.

How much dividend does 100 shares of FLC pay?

At $1.28 per share a year, 100 shares of FLC pay $128.00 a year in dividends before tax, about $10.67 each month. Buying them costs about $1,589 at the Nov 8, 2026 price.

What is FLC's dividend yield?

As of Nov 8, 2026, FLC's forward dividend yield is 8.06%, based on a $1.28 annual dividend and a $15.89 share price.

What is FLC's dividend per share?

As of Nov 8, 2026, FLC pays $1.28 per share per year, distributed on a monthly basis.

What is FLC's dividend payout ratio?

As of Nov 8, 2026, FLC's payout ratio is 67% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has FLC grown its dividend?

As of Nov 8, 2026, FLC has increased its dividend for 2 consecutive years.

When is the next FLC ex-dividend date?

As of Nov 8, 2026, the next ex-dividend date on record for FLC is Nov 20, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full FLC dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 23, 2026	Oct 30, 2026	$0.1070	regular
Sep 23, 2026	Sep 30, 2026	$0.1070	regular
Aug 24, 2026	Aug 31, 2026	$0.1070	regular
Jul 24, 2026	Jul 31, 2026	$0.1050	regular
Jun 23, 2026	Jun 30, 2026	$0.1050	regular
May 21, 2026	May 29, 2026	$0.1050	regular
Apr 23, 2026	Apr 30, 2026	$0.1040	regular
Mar 24, 2026	Mar 31, 2026	$0.1040	regular
Feb 20, 2026	Feb 27, 2026	$0.1040	regular
Jan 23, 2026	Jan 30, 2026	$0.1040	regular
Dec 23, 2025	Dec 31, 2025	$0.1380	regular
Nov 20, 2025	Nov 28, 2025	$0.1000	regular
Oct 24, 2025	Oct 31, 2025	$0.0970	regular
Sep 23, 2025	Sep 30, 2025	$0.0970	regular