|Day's Range||21.59 - 21.70|
|52 Week Range||18.00 - 21.75|
|PE Ratio (TTM)||8.37|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Most folks buy closed-end funds for one reason: big yields!
As recently as last week, many high quality closed-end funds (CEFs) were being neglected thanks to the headline worry that higher rates would hurt them. That nonsense stopped abruptly when Fed chair Janet Yellen basically slapped a “Buy” rating on the entire sector!
Plenty of investors ask me about monthly dividend stocks—and with good reason. After all, who doesn’t like their dividends rolling in when their bills do?