Funny I don't see the many here that were crying 'it's the end of the world' when it slipped to $12's. Right back to $14's...soon 15's. Nobody wants to get 1% in a CD somewhere, high yield Muni's are here to stay until savings rates go to 2-3% a year in CD's until then MAV will continue to pay a healthy dividend and people that buy the dip panics will continue to not only make money via dividends but also appreciation ;)
Sentiment: Strong Buy
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It's more leveraged and the expenses are higher too. Makes no sense, but this is wall street.
last time MAV cut its dividend MHI did as well, MHI is investment grade Munis vs. MAV that is high yield so it does not make sense that this should continue, I would be cautious on all muni bond closed end funds as the class has run up and outperformed so much, low rates means more dividend cuts coming for the class,
Gundlach says he is selling munis as they are now overvalued
Why do you say they pay the same dividend? The January press release lists MAV as .08 and MHI as .07. Is there another press release that's not on Pioneer's website?
MAV's NAV is lower than MHI and they now pay the same dividend and MAV is more leveraged. Doesn't make much sense until MAV comes down in price to compensate for risk.
Until the bottom falls out of this pig like it did a few months ago, then the bank will be looking a whole lot better. (Bag holder since the mid $14's).
Sentiment: Strong Sell
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Bought some more of this. Morningstar rates this Four Star. Yields 7.75% tax free. Has over 150 holdings. As long as Pioneer ok, MAV looks strong. Maybe has to pay out the 8 cents per month for a year to get back credibility. Comment please.
Fred...any hope they will ever raise the dividend again? see more reductions?
Before I bought, I looked at Mav dividend history and it showed past reductions followed by increases during past 10 years. Thx.
Arbata ( pronounced with a Roolllling R ) Arrrrrbata !
you are correct.
the top CA munis are pcq, pck and nzh.
the top national munis are pml, pmx and ktf or nev.
though i like nzf and nvg.
top taxable CEFs are pdi, dmo and then maybe pko and pcn.
if you like preferreds, then ffc and dfp and pfd
We shall see. I still think it's the BEST market traded municipal divi payer out there and that should account for a premium.