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CEFL August Dividend Projected To Bring Yield To 18.4%

Published Mon, 21 Jul 2014 11:51:52 -0400 on Seeking Alpha

The UBS ETRACS Monthly Pay 2x Leveraged Closed-End Fund ETN (NYSEARCA:CEFL) and YieldShares High Income ETF (NYSEARCA:YYY), which is based on the same index and thus has the same components as CEFL, but without the 2X leverage, will soon declare monthly dividends for August 2014. There are 30 closed-end funds that comprise the ISE High Incomeā„¢ Index upon which CEFL and YYY is based. As is shown in the table below, of those 30, there are 9 that pay dividends quarterly, while the other 21 pay dividends monthly. None of the 9 quarterly payers went ex-dividend in July 2014. Thus, they will not be included in the August 2014 CEFL monthly dividend calculation. The mix of monthly and quarterly dividends creates a "big-month/small-month" phenomena similar to that described in "30% Yielding MORL, MORT And The mREITs: A Real World Application And Test Of Modern Portfolio Theory". However, the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


Older articles featuring Gabelli Global Gold Nat Res & Inc Trust (GGN):
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
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