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Volume today was: 4,721,366
Hopefully the bleeding stops soon.
Sam Stovall, chief equity strategist at S&P Capital IQ, said dividend-paying stocks have been hit harder than most in recent weeks, in anticipation of higher dividend taxes in 2013, as well as a possible higher capital gains tax.
As far as dividends go, BDCs are similar to REITs and most of the dividends are non-qualified, meaning taxable at the ordinary income rate of the taxpayer, not the favored lower dividend tax rate.