Closed end funds for income

E

Eliot Hosewater

[I think this is the right forum to post this, if not move it to where it belongs.]

What are some good Closed End Funds for income? If I go to etfconnect.com and sort by dividend there are a few over 10%, and quite a lot over 8%. Many have a high premium over NAV. Anyone know of any good utility CEFs? I haven't found any yet, but I haven't checked them all.

Edit: Just found Evergreen Utilities and High Income - pays 8.61% currently.
 
Quote from Eliot Hosewater:

[I think this is the right forum to post this, if not move it to where it belongs.]

What are some good Closed End Funds for income? If I go to etfconnect.com and sort by dividend there are a few over 10%, and quite a lot over 8%. Many have a high premium over NAV. Anyone know of any good utility CEFs? I haven't found any yet, but I haven't checked them all.

Edit: Just found Evergreen Utilities and High Income - pays 8.61% currently.
More...

you had better look at more than the yield with closed end funds. you can lose principle with these things if you pick the wrong ones. it is seldom a good idea to buy income cefs for a premium to nav.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=58688
 
UTF--Is a pretty darn safe Utility Fund trading at a nice discount

as of 9/15/2006

Fund Name (Ticker)----Cohen & Steers Sel Util (UTF)
Asset Class---Sector Equity
NAV--- $25.97
YTD NAV Return---12.55%
NAV 1-Yr Return---6.05%
1-Yr Rank by NAV--- 60
Prem/Disc --- (-14.48%) Discount ($$$)
Mkt Price---$22.21
1-Yr Mkt Return---7.09%
1-Yr Mkt Rank---44

Top Holdings (as of 3/31/2006)
Ameren Corp 4.86%
Duke Energy Corp 4.77%
Exelon Corp 4.76%
Southern Company 4.01%
PG&E Corp 3.70%
Equitable Resources Inc 3.56%
Edison International 3.49%
Cinergy Corp 3.35%
Public Service Enterprise Group Inc 3.26%
Consolidated Edison Inc 3.11%

Top Sectors (as of 3/31/2006)
UTILITIES 76.70%
FTSE Group Other 8.31%
FINANCIALS 5.02%
NON-CYCLICAL SERVICES 2.62%
CYCLICAL SERVICES 0.38%
BASIC INDUSTRIES 0.16%

http://www.cefa.com/FundSelector/FundDetail.fs?ID=94296

This is a utility fund that I am in currently...

Also---I have not seen anyone post about BEO (Enhanced s&p500 covered call)....This is off subject, but if you are long the SPY with the assumption that we are not going too much higher than 1350 this year....BEO might be what you are looking for....I like the idea of a fund that specializes in selling Covered Calls at this point in the cycle....This has been one smooth ride for me as well...
 

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Try www.dividenddetective.com

He has an extensive list of funds in his public area. Take the list into Excel, then sort on the dividend column.

His lists have all of the junk culled out of them, so you are just seeing the stocks/etf/cef's that pay a real dividend.

ReefBreak
 
Quote from Eliot Hosewater:

[I think this is the right forum to post this, if not move it to where it belongs.]

What are some good Closed End Funds for income? If I go to etfconnect.com and sort by dividend there are a few over 10%, and quite a lot over 8%. Many have a high premium over NAV. Anyone know of any good utility CEFs? I haven't found any yet, but I haven't checked them all.

Edit: Just found Evergreen Utilities and High Income - pays 8.61% currently.
More...

Look at CSQ. Stable dividend and narrowing discount to NAV. It currently yields around 8%
 
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