The last two years , Santa has got us a December divvy increase. 2013 it was .131 to .138 and in 2014 it was .138 to .151 per month. The fund is making $$ so I think we go up to .155 or .16 a month. Any thoughts or is this just wishful thinking on my part? Jim
We are getting a dividend of 6% ( amortized monthly) a year with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.08%. And there is the prospect of higher dividends in the future.
with a discount of about 4% from net asset value while money market funds are paying .35%, 5 year CDs 1.5%, 10 year t-notes 2.3%, 30 year t-bonds 3.10%. The fund holds high quality stocks that will most likely produce higher dividends in the future.
UTG seems to raise the distribution about once a year. It's a great income investment.
7.9% distribution (amortized monthly) discount from NAV of almost 12% (average 10-year discount +2.2%).
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gunne4, I agree with you. The Fed has kicked the can down the road again and I think its possible that the Fed won't raise rates anytime soon. I believe its a good time to purchase more UTG on any pullbacks.
u r right. I don't know why yahoo insists on the lower yield. I tried to point this out to them but they did not reply.
5 secs before the close the market , UTG is trading at 29.37 and it closes at $29.20. This trade didn't even show up on the trades before 16:00 The NAV value is down .34% and the market price is down 1.7%.
When interest rates rises the initial reaction always a quick stock sell off. That is the time to buy in. Even if you buy now, most of the selloff is already priced in. If your in for retirement income, or long term, you will be fine here. I'm in with about 5,,000 shares now and I'll buy more when and if a selloff happens.
over 6% amortized monthly. And it currently has a 7% discount from net asset value. It's annual yield is currently 117% more than the annual yield on a 30-year government bond.
The only tax form would be the broker provided Form 1099-DIV. (If you sell shares, then there would also be the Form 1099-B reporting the sale).
UTG is a closed-end mutual fund rather than a publicly traded limited partnership (which is typically the cause of tax time headaches).
I purchased my first third of my intended position just before close yesterday. Glad to join the current investors.