|Bid||11.10 x 1800|
|Ask||11.11 x 1100|
|Day's Range||11.05 - 11.12|
|52 Week Range||9.45 - 11.36|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||12.41|
|Forward Dividend & Yield||0.41 (3.70%)|
|1y Target Est||N/A|
Most closed end funds ("CEFs") trade at a discount to NAV, and in some cases, at substantial discounts of 15%-20%, explains George Putnam, editor of The Turnaround Letter.
For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock...
Boulder Growth & Income Fund, Inc. (BIF) (the “Fund”) announced the declaration of the Fund’s quarterly distribution of $0.102 per share to occur in July 2019. This distribution is being paid as part of BIF’s managed distribution program under which BIF will make per share distributions of $0.102 per quarter, or approximately $0.408 per year. Due to the current discount of the Fund’s market price to its per share NAV, and the fact that distributions are made in cash (i.e., at NAV), if Fund shares continue to trade at a discount at the time of this distribution, then it will be accretive to BIF’s market-price-based return.
The stock market appears poised to at least make a run on the all-time highs set in 2018. The Standard & Poor's 500-stock index gained 13% during the first quarter of 2019 alone and has kicked off Q2 in a full-blown sprint.Will it continue? On the one hand, several drivers still are in play, including still-low U.S. unemployment, inflation being kept in check and an accommodative Federal Reserve that appears poised to keep interest rates steady for the rest of the year. While the S&P; 500 is extremely unlikely to match its roughly 20% profit-growth rate in 2018, Blockforce Capital CEO Eric Ervin, for one, says he still is "cautiously optimistic" for America's economy this year. "Corporate earnings should continue to grow in 2019, albeit at a potentially slower pace," he says.But looming are a host of worrying issues, such as troubling global economic data points, continued uncertainty about U.S.-Chinese trade and an upcoming Q1 earnings season that FactSet analysts expect will mark the first quarterly year-over-year profit decline since 2016.Here are nine of the best funds amid this aging bull market's recent charge. Some of these will benefit if this rally continues, while others are defensive plays to consider should the bull run out of steam. Each of these has something attractive to offer, such as a significant discount or high income potential. SEE ALSO: The 25 Best Low-Fee Mutual Funds to Buy Now
Closed-end funds (CEFs) joined the rest of the market in steeply selling off late last year. The result, however, was an excessive selloff resulting in greater distribution rates and larger discounts to the assets they hold. The question now is: Which CEFs are ripe for the picking in 2019? "Interesting" is perhaps too nice a word for 2018, but that's still exactly what it was. Corporate America delivered multiyear-best earnings growth for several quarters. Yet we still saw two massive corrections that lifted volatility much closer to its long-term average after several years of relative calm. But what will 2019 hold? The outlook is mixed. While market analysts broadly see GDP growth slowing in 2019, most of those same analysts also see the broader markets heading higher by year's end. Wages are growing, unemployment remains low and there are plenty of other potential drivers for a rally. But if more of the bearish drivers peek through - GDP growth slows even more than expected, tariff tensions linger, etc. - investors will need protection, including high dividends to offset the lack of price gains. With that said, here are the best CEFs to buy for 2019. You can learn more about closed-end funds in detail here, but in short, these are funds that trade on exchange like ETFs, but have some differences; for instance, they can trade at significant discounts or premiums to the assets they hold, and they are actively managed more often than not. These 10 CEFs boast a number of perks, including deep value, high distribution rates and strong track records. ### SEE ALSO: The 19 Best ETFs for a Prosperous 2019
Ignore the doomsayers: 2019 is setting up to be a strong year for equities--and a great year for dividend investors like us, forecasts Michael Foster, closed-end fund expert and editor of the industry-leading CEF Insider.
Boulder Growth & Income Fund, Inc. (BIF) (the “Fund”) announced today that its Board of Directors (“Board”) has approved adjusting the frequency of distributions made under the Fund’s managed distribution program from monthly to quarterly, while maintaining the Fund’s current annualized distribution rate of approximately $0.408 per share. Accordingly, the Fund also announced the declaration of the Fund’s initial quarterly distribution for the 2019 fiscal year of $0.102 per share to occur in January 2019 under the revised managed distribution program, as discussed further below. Beginning in November 2015, the Board instituted a managed distribution program in accordance with its Section 19(b) exemptive order, seeking to provide shareholders with a regular distribution not dependent on the amount of income earned or capital gains realized by the Fund.
Boulder Growth & Income Fund, Inc. announced today that its Board of Directors declared a dividend of $0.034 per common share for each of the months of August, September and October 2018.
The Fund, acting in accordance with an exemptive order received from the Securities and Exchange Commission and with approval of its Board of Directors, adopted a managed distribution policy under which the Fund may utilize capital gains, where applicable, as part of regular monthly cash distributions to its stockholders. This policy gives the Fund greater flexibility to realize capital gains and to distribute those gains to stockholders. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated in the table.
Boulder Growth and Income Fund, Inc. (BIF) (the “Fund”) announced the results of a special stockholder meeting (the “Meeting”) that occurred on July 17, 2018, at which stockholders voted to approve a new investment advisory agreement between the Fund and ALPS Advisors, Inc. (“ALPS”), and a new investment sub-advisory agreement between ALPS and Rocky Mountain Advisers, LLC (“RMA”), with respect to the Fund. Each of the agreements became effective following the Meeting.