CBRE Clarion Global Real Estate Message Board
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Dec Dividend
December div. has been declared to be $0.05 sh,an increase over 0.045 sh/mo in previous months.
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12/31/09 IGR will pay .045.... Not .05
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Type in XIGRX in the get quote box for the NAV.
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The most accurate and up-to-date information is generally found at the fund's own website.
http://www.ingclarionres.com/cres_en/products/closed_end_Funds/daily_fund_prices/
Closing price: $6.16
NAV: $7.20
Discount: 14.4% -
Hi, ING Clarion Global Real Estate Income Fund was recommended to me recently. The reason is my job may be eliminated in the next 12 months.I may need to generate some monthly income and IGR may be for me. Can a shareholder out there please explain how you purchased shares?I haven't called the Co. yet.
Is this heavy risk in losing the price per share?
Is the dividend monthly? If I had lets say $200,000 to purchase shares, how would I determine the monthly or quarterly income amount? I see the share price is about $6. $200000/6= 33,333 shrs. Is there a load?
Then 33,333 shrs x .54=$17999/12= $1499 per month?
If I'm not even close, its because I'm a growth investor and haven't studied the art if generating monthly income.
Thank You...Tom- 3 Replies to temco_inc
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PS.. sign up and trade with TDAmeritrade and put your shares in the DRIP program until you need the income.
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Keep IGR on the low side . It may come back a couple of years from now. Check out EVEP,DNP, NLY for dividends.
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How to buy? It's a CEF (Closed End Fund) and is traded on the open market just like a stock. No load other than your brokerage commission. There's an annual expense ratio though.
Your math seems OK to me.
$200,000 / $6.06 (today's close) = 33,003 shares
33,003 x $0.045 (current monthly dividend) = $1,485 monthly income
Of course there's no guarantee that the distribution rate will not drop in the future.
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Did you make that one up? Can't find it.
http://www.ingclarion.com/cres_en/products/closed_end_Funds/ing_clarion_global_real_estate_income_fund/distribution_history.jsp
Where's your link?- 1 Reply to winmore_98
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He made it up. IGR never declares dividends this far in advance.
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singhman
where did you get that info from????? -
where did you get that information. They just declared November dividend of .045 and will not declare Dec. dividend till mid Dec.
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