Dividend-News

Daily dividend news for investors in dividend stocks


Beat The Dividend ETFs For Yield And Total Return With This Closed-End Fund

Published Thu, 09 Nov 2017 08:31:01 -0500 on Seeking Alpha

I've been writing about Boulder Growth and Income (BIF) every few months since August 2016. When I first started beating the drum on the closed-end fund, it was priced just shy of a -20% discount and yielding 4.67%. I reiterated my thesis on the fund last February when the discount was -18.5%. when I came back to it two months later the discount was -16.5%. With my last look at the fund here in July it was -16.1%. At that writing, I made the case that BIF was the best dividend fund you could find. The data continue to support that assertion: none of the dividend ETFs built for equity yield from quality companies comes close, not for yield and not for total return.
In each of those articles I emphasized four points: Discount, Portfolio Quality, Performance and Yield. I'm going to do it again because all four of those points continue to deserve our attention. Let's hit the high points: The fund has an outstanding discount that is completely out of line with its performance record. The discount is steadily shrinking; it's now at -14.60%, adding another 150bps to the fund's value on the discount move alone since our last look. The fund holds a strong, value-focused portfolio that has been beating the market consistently. The fund pays a distribution that sets its yield above the top-quality dividend ETFs. Yield is the current sticking point. The fund's performance and discount reduction has driven it to below 4%, still high relative to the dividend ETFs, but... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
BOULDER GROWTH & INCOME FUND 11.02   0.0 0.00 0.00 3.69

BOULDER GROWTH & INCOME FUND - BIF
BOULDER GROWTH & INCOME FUND - BIF  


Older articles featuring Boulder Growth & Income Fund (BIF):
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
The Chemist's CEF Report - July 2018: Treasury Yield Spread Continues To Narrow
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
The Best Dividend Fund: Not What You Expect
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
Paying Heed To Dividend Sustainability: CEF Weekly Update
Boulder Growth & Income Fund, Inc. Declares Monthly Dividends
Buy This Buffett Portfolio At A 16.5% Discount And Get A 4.4% Yield

More