|Bid||31.0500 x 1800|
|Ask||31.0600 x 400|
|Day's Range||31.0400 - 31.0700|
|52 Week Range||28.3300 - 32.4200|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
VanEck announced today its regular distributions per share for the VanEck Vectors municipal income and income-oriented exchange-traded funds.
High-yield municipal bond income seems like a dream come true in today’s market. The ability to capture a 4%-plus income stream with little taxable impact in a strongly trending credit environment is the ideal situation for many retirees. Illinois recently received a downgrade in its credit rating status to one notch above “junk” level and Puerto Rico is still embattled over its gigantic debt restructuring deal as well.
Tobacco bonds have been volatile in the last seven years. Falling MSA payments caused the volatility. Tobacco bonds offer relatively good cash flow returns.