Dividend-News

Daily dividend news for investors in dividend stocks


Weekly Review: High-Yield CEFs - A Fund With -3.00 Z-Score Caught My Attention

Published Wed, 31 Oct 2018 10:06:13 -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 Another tough week for the stock market was the main factor behind the tumble of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). The main benchmark is suffering from the current situation and more precisely from the credit risk which some of the investors find in the riskier assets. No doubt, if we see a stabilization of the stock market, the high-yield closed-end funds will be among the biggest winners and we may expect to see a repulsion from the bottom.
Over the past week, the main index of the high-yield closed-end funds fell by $0.67 and finished the week at $84.23. Currently, this is the lowest close price for the year. The last time when we saw these prices were at the end of 2016.

Source: Barchart, iBoxx $ High Yield Corp Bond iShares
I would like to spend some time covering several... 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
CS HIGH YIELD BOND FUND 2.58   0.0 0.00 0.00 8.87
FIRST TRUST HIGHOME LONG/SHORT FUND 14.97   0.0 0.00 0.00 8.82
WELLS FARGO ADV INCOME OPP FUND 8.20   0.0 0.00 0.00 8.61
WESTERN ASSET HIGH INCOME OPPORTUNITY FUND 5.07   0.0 0.00 0.00 6.98
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 11.78   0.0 0.00 0.00 6.68
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