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Nuveen Real Estate Income Fund (JRS) Message Board

  • byr345 byr345 Nov 14, 2012 10:18 AM Flag

    Dividend at 8.9% at $10.31

    With the drop in the price to $10.31 the dividend of $0.23 a quarter has increased to 8.9%, a very good rate. The fund is solid and is not vulnerable to the whims of Washington's debt reduction debates. Yes, the tax rate on dividends will probably go up (15% to 25%) but that is such a poor reason to sell. What is happening, it appears, is that a large fund holder decided to get out. But this stock is thinly traded and any strong sell pressure pushes it down. Of course this also makes it more attractive for long term buys by people seeking a very good ROI from dividends. I bought more at its low yesterday and will consider buying more today or tomorrow. We could have a sharp rebound on Friday.

    Sentiment: Buy

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