Dividend-News

Daily dividend news for investors in dividend stocks


Weekly Review: High-Yield CEFs

Published Wed, 01 Aug 2018 01:43:43 -0400 on Seeking Alpha

Introduction The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds. And this feature continues to attract market participants even when the overall market looks unstable.
In spite of CEFs being mostly of interest to income investors, we have found our path to approach them as active traders and we are constantly monitoring them. As a testament to this, you will be kept up to date with Weekly Reviews such as the one below.
The Benchmark
Source: Barchart, iBoxx $ High Yield Corp Bond iShares
The main index for high-yield closed-end funds is the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG). Over the past month, the main benchmark bounced from its bottom and seems ready to test the resistance level of the current trading range. The increase in the price is of $0.29 on a weekly basis. Currently, most of the investors are not so worried about the default risk of the bonds and the below review of the spread between high yield bonds and Treasury bonds is going to prove that.
In my summary, I am going to briefly cover several advantages of high-yield bonds and closed-end funds, which invest in this asset class. As the high-yield sector generally has a low correlation to other sectors of the fixed-income market, along with less... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
DREYFUS HIGH YIELD STRATEGIES 3.07   0.0 0.00 0.27 9.63
MFS INTERMEDIATE HIGH INCOME FUND 2.68   0.0 0.00 0.00 9.08
WELLS FARGO ADV INCOME OPP FUND 8.20   0.0 0.00 0.00 8.61
MASSMUTUAL CORP INV 16.54   0.0 0.00 1.20 7.27
WESTERN ASSET HIGH INCOME OPPORTUNITY FUND 5.07   0.0 0.00 0.00 6.98
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 87.32   0.0 0.00 4.60 5.27

DREYFUS HIGH YIELD STRATEGIES - DHF
DREYFUS HIGH YIELD STRATEGIES - DHF  


Older articles featuring Dreyfus High Yield Strategies (DHF):
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend
BNY Mellon High Yield Strategies Fund Declares Dividend

More