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Alpine Global Dynamic Dividend Message Board

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  • bluebuick2003 bluebuick2003 Oct 14, 2008 9:22 PM Flag

    Back in!

    the dividend yield is high due to two main factors:

    1. the dividend capture strategy that can often lead to dividend yields in excess of 20%. as an example, instead of holding PM and getting 1% each qtr, mgmt rolls the money from stock to stock and gets 1% each month instead of each qtr. now this would only get you 12%. from what i've read, for this div capture strategy, mgmt looks for companies that pay a annual dividend (one payout per year, say 6%). so they try to catch that 6% payout several times a year via rolling from one stock to another.

    2. there is a discount btwn the stock price and the NAV. at times it has been as much as 20%. this drives the yield on the stock price even higher.

    as i've stated several times, i'm not a big fan of the fund mgmt. i own it but i'm just holding. i have some in an IRA and some in taxable acct. i may sell the taxable in month and take a loss to offset gains on other moves (primarily puts !!!).

 
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