It's a solid investment. Been around for decades with a steady divy. No worries at all.
Sentiment: Strong Buy
How is income taxed from this fund? Ordinary dividend? Qualifying dividend? Or ordinary income?
I agree. I have owned a large number of shares of this fund for many years. Good steady yield lets you sleep at night and good to buy in down markets at the right price. Also they preserve the net asset value which is important to me.
Not the highest yielder in the world, but it allows you to sleep well. I remember buying in the 7's and selling around 8.64, so it does move, but very slowly. Got a stink bid in for 8.11.
I'd be more than glad to buy another 500 if it dropped down to 8.11. But I doubt it will drop that low anytime soon.