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PowerShares DWA Technology Momentum ETF Message Board

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  • ironroad45 ironroad45 May 25, 2005 8:51 PM Flag

    PTF's 12.79 cent equals 10.6% yield

    ZTR has 2.45% in energy

    Burlington Resources, Inc.
    ConocoPhillips
    Halliburton Co.
    Occidental Petroleum Corp. Valero Energy Corp.

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    • is not guaranteed.

      The concept of ZTR is that they believe they can earn 10% PER ANNUM on their portfolio and distribute it on a monthly basis.

      But as an original investor of ZTR when Martin Zweig ran the fund, before it was sold to new management, the stock traded near $12/ per share. Over the years the dividend has been cut in half and the stock price also has been cut in half. so you may currently receive a return of 10% part of which is return of capital) there is no guarantee that this dividend is set in stone.

      Better study ZTR's history more carefully.

      • 1 Reply to quikpik_34243
      • quikpik says; "is not guaranteed." I agree.
        And looking at historic dividend I'd point out the dividend has been as little as or less than a penny.

        quikpik you mention a few good points, 1) "...as an original investor of ZTR(I'm not sure; are you saying you once owned ZTR back to the IPO?)when Martin Zweig ran the fund, before it was sold to new management(ZTR 'added' a new manager in 1995 and still has a manager dating back to 1988), the stock traded near $12/shr."(through the end of 2004 the Fund's total pay-out since inception was $12.81).
        2) "over the years the dividend has been cut in half"(I think the dividend has been less than a penny over the history of the Fund)
        3)"so you may currently receive a return of 10% part of which is return of capital"(yes I'm sure there is a return of capital and I'd add ZTR is very transparent about return of capital and in a TIMELY MANNER-unlike many of the Can-Roy's)
        4)Finally, you say; "Better study ZTR's history more carefully", to which I'd counter; "A stocks past performance is no indication of future performance."

 
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