...at less than 3% when its closer to 7? >09 dividend when the pay .24?
Someone asks every few months. Yahoo has it right - most of that .24 payout is Return of Capital (.0125 of every .02 monthly payout, leaving only .0075 as truly dividends). You can confirm this at cefconnect.com.
So this thing is essentially a pyramid scheme?
Yahoo historically gets the math wrong....for more accurate results on closed end funds use either cefa.com or cefconnect.com in the future...you are correct , the dividend yield is aprox. 6.8%