3 Closed-End Funds With Positive Asset Returns Yielding At Least 6%

Monday, July 9, 2012

3 Closed-End Funds With Positive Asset Returns Yielding At Least 6%

PHK and OSX (Photo credit: nik.clayton)

After engaging in a very interesting conversation with my Uncle Tommy over the weekend, I was introduced to three high-yielding closed-end funds. I'm currently considering a position in each of these funds based on their positive asset returns and yields that are currently north of 6%.
Alpine Global Dynamic Dividend Fund (AGD): AGD currently trades in a 52-week range of $4.90/share (52-week low) and $7.54/share (52-week high). AGD currently yields 13.0% ($0.72) and has paid a consistent monthly dividend of $0.06/share since July 2010. Currently trading at a 3.67% discount to its 200-day moving average, AGD has returned 6.46% on its assets over the last twelve months. Investors should consider establishing a small- to medium-sized position at current levels and add additional shares as dividend and earnings announcements approach. PIMCO High Income Fund (PHK): PHK currently trades in a 52-week range of $10.52/share (52-week low) and $13.80/share (52-week high). PHK currently yields 7.7% ($1.06) and has paid a consistent monthly dividend of $0.122/share since January 2009. Currently trading at a 7.23% premium to its 200-day moving average, PHK has returned 4.75% on its assets over the last twelve months. Investors should consider establishing a small- to medium-sized position at current levels and add additional shares as dividend and earnings announcements approach. ... Continue to read.

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stock tipsJuly 10, 2012 at 8:40 AM
MCX Gold prices fell marginally by Rs 25 to 29601 per 10 grams in futures trade today as speculators trimmed Positional among a weak trend overseas.
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Benjamin Graham Was A Crappy Hedge Fund Manager

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In particular, he took issue with the author's reference to Benjamin Graham, the legendary Columbia finance professor who literally wrote the book on Security Analysis and mentored Warren Buffett.

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www.ritholtz.com

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