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CEFs Trading At A Discount With Increased Monthly Dividends In 2012

Published Mon, 09 Apr 2012 14:51:08 -0400 on Seeking Alpha

My recent closed-end fund research has identified several CEFs that have increased their monthly distributions to shareholders in recent months. A dividend increase not only provides more income to the shareholders but can also signal that management is confident in being able to sustain their income throughout 2012. These CEFs are also trading at significant discounts from 5-10%, suggesting they have a low valuation for potential capital gains. Here is a list of CEFs that announced increased distributions. The monthly distribution for Calamos Strategic Total Return Fund (CSQ) has been increased from $0.0525 per share to $0.0700 per share, a 33.3% increase from the previous month. CSQ is trading at $9.63, a 9.575% discount to NAV, with a distribution rate of 8.72%. The monthly distribution for Calamos Global Dynamic Income Fund (CHW) has been increased from $0.0500 per share to $0.0620, a 24.0% increase from the previous month. CHW is... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CALAMOS STRATEGIC TOTAL RETURN FUND 13.01   0.0 0.00 0.99 7.66
BLACKROCK INCOME TRUST 6.02   0.0 0.00 0.00 6.85
BLACKROCK CREDIT ALLOCATION INCOME TRUST IV 13.75   0.0 0.00 0.00 5.82
WESTERN ASSET WORLDWIDE INCOME FUND  

CALAMOS STRATEGIC TOTAL RETURN FUND - CSQ
CALAMOS STRATEGIC TOTAL RETURN FUND - CSQ  


Older articles featuring Calamos Strategic Total Return Fund (CSQ):
4 Closed-End Funds That Will Pay You 8%+ Monthly Dividend Yields
High Yield For Granny (Part 2): Savvy 'Widows & Orphans' Portfolio Re-Visited
Closed-End Fund CSQ: 8.28% Yield With Growth Potential
High Yield For Granny: The Savvy 'Widow & Orphans' Income Factory
Want High Yield With Limited Downside Risk? Try Convertibles
High Yield Closed-End Funds Trading At Discounts To NAV
Monthly Income Ideas: 40 Closed-End Funds With 8% To 9% Yields (Part 6)
Monthly Dividend CEFs Selling At A Discount With Positive YTD Price Performance
My Favorite 7 Closed End Funds For Lucrative Dividends

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