Flaherty & Crumrine Total Return Fund Inc. (FLC)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Flaherty & Crumrine Total Return Fund Inc. trades at USD16.64, close to the USD18.93 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 59 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FLC dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.731 | 7 |
| 2025 | USD1.19 | 12 |
| 2024 | USD1.11 | 12 |
| 2023 | USD1.08 | 12 |
| 2022 | USD1.41 | 12 |
| 2021 | USD1.57 | 12 |
| 2020 | USD1.48 | 12 |
| 2019 | USD1.41 | 12 |
| 2018 | USD1.43 | 12 |
| 2017 | USD1.56 | 12 |
| 2016 | USD1.63 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Flaherty & Crumrine Total Return Fund Inc.
Flaherty & Crumrine Total Return Fund Inc. is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors. The fund primarily invests in investment-grade securities consisting of preferred securities and other income-producing securities comprising of various debt securities. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Index and the S&P 500 Index. The fund was formerly known as Flaherty & Crumrine/Claymore Total Return Fund, Inc. Flaherty & Crumrine Total Return Fund Inc. was formed on August 26, 2003 and is domiciled in the United States.
FLC passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Flaherty & Crumrine Total Return Fund Inc. (FLC) undervalued?
Against our discounted cash flow estimate of USD18.93, FLC at USD16.64 is 14% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is FLC's P/E ratio?
FLC trades at 10.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Flaherty & Crumrine Total Return Fund Inc. (FLC) pay a dividend?
Yes. Flaherty & Crumrine Total Return Fund Inc. yields 7.26% at the current share price. It has paid USD1.26 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.