Dividend-News

Daily dividend news for investors in dividend stocks


Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%

Published Tue, 08 Jan 2019 10:18:24 -0500 on Seeking Alpha

(Note: As we didn't have the CEF Roundup last week due to my data guy being suddenly unavailable, this piece will cover the last two weeks of events. Hence, all statistics are being compared to data from two weeks ago.)
The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate actions on CEFs, such as tender offers. Most of the information has been sourced from CEFInsight or the Closed-End Fund Center. I will also link to some articles from Seeking Alpha that I have found for useful reading over the past week. The searchable tag for this feature is "cildoc." Data are taken from the close of Friday, December 21, 2018.
Weekly performance roundup
0 out of 31 sectors were positive on price (down from 10 two weeks ago) and the average price return was -8.04% (down from -2.78%). Muni sectors lost the least, while equity sectors fared the worst, led by health/biotech (-16.33%), MLPs (-15.79%), tax-advantaged equity (-14.88%), covered call (-12.94%) and general equity (-12.48%).

(Source: Stanford Chemist, CEFConnect)
2 out of 31 sectors were positive on NAV (down from 11 two weeks ago), while the average NAV return was -4.31% (down from -1.17%). The only two positive sectors were Pennsylvania munis and New Jersey munis. MLPs fared the worst at -13.26%, followed by health/biotech... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 11.38   0.0 0.00 2.48 22.00
CORNERSTONE STRATEGIC VALUE FUND 11.65   0.0 0.00 0.00 21.09
OXFORD LANE CAPITAL 9.73   0.0 0.00 1.62 16.65
EAGLE POINT CREDIT 16.14   0.0 -1.13 2.40 14.64
INDIA FUND 20.00   0.0 0.00 0.00 11.83
CLOUGH GLOBAL EQUITY FUND 11.85   0.0 0.00 0.00 11.65
CLOUGH GLOBAL ALLOCATION FUND 10.75   0.0 0.00 0.00 11.62
CLOUGH GLOBAL OPPORTUNITIES FUND 9.38   0.0 0.00 0.00 11.59
DELAWARE ENHANCED GLOBAL DIV AND INCOME FUND 9.88   0.0 0.00 0.00 11.22
NICHOLAS-APP CONV & INCOME II 5.09   0.0 0.00 0.00 10.57
MFS SPECIAL VALUE TRUST 5.80   0.0 0.00 0.00 9.72
PIMCO GLOBAL STOCKSPLUS 11.55   0.0 0.00 0.00 9.68
MFS INTERMEDIATE HIGH INCOME FUND 2.68   0.0 0.00 0.00 9.08
MFS INTERMEDIATE INCOME TRUST 3.82   0.0 0.00 0.37 9.01
CS HIGH YIELD BOND FUND 2.58   0.0 0.00 0.00 8.87
ROYCE VALUE TRUST 14.16   0.0 0.00 1.51 8.84
MFS CHARTER INCOME TRUST 8.31   0.0 0.00 0.00 8.63
PIMCO CORPORATE OPPORTUNITY FUND 18.05   0.0 0.00 1.69 8.59
TEMPLETON EMERGING MARKETS INCOME FUND 9.22   0.0 0.00 0.00 8.54
MFS MULTIMARKET INCOME TRUST 5.86   0.0 0.00 0.54 8.44
ROYCE MICRO-CAP TRUST 8.20   0.0 0.00 0.00 8.22
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 13.11   0.0 0.00 0.00 8.11
DELAWARE INVESTMENTS DIVIDEND & INCOME FUND 13.87   0.0 0.00 0.00 7.93
MFS GOVERNMENT MARKETS INCOME TRUST 4.57   0.0 0.00 0.00 7.56
PIMCO CORPORATE INCOME FUND 17.67   0.0 0.00 0.00 7.53
EAGLE CAPITAL GROWTH FUND 7.91   0.0 0.00 0.00 6.70
ING PRIME RATE TRUST 4.70   0.0 0.00 0.00 6.67
FLAHERTY & CRUMRINE DYNAMIC PREFERRED ANDOME FUND 25.94   0.0 0.00 0.00 6.63
FLAHERTY & CRUMRINE/CLAYMORE PREF SEC INCOME FUND 20.35   4.8 4.25 0.00 6.62
SPECIAL OPPORTUNITIES FUND 14.12   0.0 0.00 0.00 6.50
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND 21.51   0.0 0.00 0.00 6.34
BLACKROCK HEALTH SCIENCES TRUST 38.18   0.0 0.00 0.00 6.26
FLAHERTY & CRUMRINE PREF INCOME OPP FUND 12.10   0.0 0.00 0.00 6.20
FLAHERTY & CRUMRINE PREFERRED INCOME FUND 15.23   0.0 0.00 0.00 6.01
MFS HIGH INCOME MUNICIPAL TRUST 5.22   0.0 0.00 0.29 5.05
WESTERN ASSET MANAGED MUNICIPALS FUND 13.75   0.0 0.00 0.75 5.04
BLACKROCK MUNIYIELD INVESTMENT FUND 14.34   0.0 0.00 0.00 4.62
BLACKROCK MUNICIPAL INCOME INVESTMENT TRUST 13.86   0.0 0.00 0.00 4.61
BLACKROCK MUNIHOLDINGS QUALITY FUND II 12.68   0.0 0.00 0.00 4.14
BLACKROCK MUNIYIELD PENNSYLVANIA INSURED FUND 14.13   0.0 0.00 0.00 3.89
BLACKROCK VIRGINIA MUNICIPAL BOND TRUST 17.10   0.0 0.00 0.00 3.25
BLACKROCK MARYLAND MUNICIPAL BOND TRUST 14.34   0.0 0.00 0.00 3.04

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


Older articles featuring Cornerstone Total Return Fund (CRF):
Dividends By The Numbers In October 2019
Yield Curve Disinversion
Bond Market History: When The Yield Curve Un-Inverts
Why Does A Yield Curve Inversion Suggest A Recession?
This May Not Be Your Father's Inverted Yield Curve
Pay Attention To The Message The Yield Curve Is Sending
Negative-Yielding Debt: Monetary Contagion Spreads
The Dollar, High-Yield Bond Market And S&P 500 Revenue Growth
Two Yield Spreads Are Better Than One For Business Cycle Analysis
Equity CEFs: Where's The Beef In The Delaware Dividend & Income Fund?

More