Alpine Total Dynamic Dividend F Message Board

You still aren't seeing the picture. The amount
of dividend each stock pays AOD has not changed
for most of the payers. Duke paid $ .92 when it was $20.00 for a 4.6% yield. Today Duke is
$15 paying the same $ .92 or 6.1%. Whatever
the NAV of AOD is or for calculations purpose the "Price AOD is being bot for, divided into the yields received is a means for seeing what
the interest rate is for AOD at that time. Therefore, as I said before if AOD is $20 getting $3 of divvys and pays them to its shareholders the return on INVESTED CAPITAL to
the stockholder is $3 divided by $20 equalling
15%. Now the "Trading price" of AOD is $6 but
still getting the $3 divvy. The rate of return is now $3 divided by $6 or 50%. The only thing that changes is that some of the securities held by AOD REDUCED the DIVVY they are paying. About 2/3rds are paying as before
i.e. utilities, etc and about 1/3rd reduced to
about 25% off to 50% off. Under 50% that means
AOD is receiving 5/6 of what it was receiving
before the present malaise. Don't look at it like AOD is paying out a 50% dividend. It is paying out the same divident when it was $20
in price as it is today at $6.