Dividend-News
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Weekly Review: High-Yield CEFs - AIF Is 8.68% Yielder With Stable Distribution
Published Wed, 06 Mar 2019 06:33:05 -0500 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
On a weekly basis, the price of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) reported a slight increase of $0.02 and finished at $85.61 per share. Of course, it is important to notice that on 1st of March, the benchmark distributed its monthly dividend of $0.3818. Ultimately, the strong performance of the high-yield bonds and high-yield closed-end funds continues as the appetite of investors for risky assets is back. The instability around credit confidence seems overcame and the main index is eager to conquer new highs week after week.
Source: Barchart, iBoxx $ High Yield Corp Bond iShares
Source: Dividend.com
Statistical Comparison And Spread Review Of The Sector
High-yield bonds are typically evaluated on the difference between their yield and the yield on the US Treasury... 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 | |||||||
| CREDIT SUISSE ASSET MANAGEMENT INCOME FUND | 3.16 | 0.0 | 0.00 | 0.27 | 8.52 | |||||||
| NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND | 12.01 | 0.0 | 0.00 | 0.98 | 7.45 | |||||||
| MASSMUTUAL CORP INV | 16.54 | 0.0 | 0.00 | 1.20 | 7.27 | |||||||
| ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND | 87.32 | 0.0 | 0.00 | 4.60 | 5.27 | |||||||
| SPDR S&P 500 ETF | 301.29 | 0.0 | 0.00 | 5.42 | 1.82 |