Dividend-News

Daily dividend news for investors in dividend stocks


Yield Hunter CEF Report March 2019: Distribution Cuts Pick Up, But So Do Increases

Published Fri, 08 Mar 2019 19:26:30 -0500 on Seeking Alpha

This report was issued to members on March 7.
In March, we saw 17 funds boost their distribution by 2% or more while 30 funds cut their distribution by 2% or more. Of the increases, seven of the funds were munis while another seven were floating rate. We have been bullish on both of these spaces (though recently less so for the munis as discounts have tightened significantly).
Floating rate remains an unloved area but the corner may have been turned. For one, inflows are returning, meaning that money isn't flowing out of the sector any longer. We've been pushing these since December as we saw a significant opportunity and issued a report titled "Why Floaters Look Attractive Despite Lowered Rate Expectations." Essentially, there was a "double discount" opportunity whereby the underlying loans were priced at a significant (for the sector) discount to par plus the funds themselves were at a discount to NAV, with the average being right around -10%.
Floaters continue to be the larger pieces to our Core Portfolio with large allocations to Ares Dynamic Income (ARDC), KKR Income Opportunity (KIO), and Apollo Tactical Income (AIF). In addition, our high yield fund looks poised to break out with Ivy High Income (IVH) returning 8.64% on NAV and 13.7% on price year-to-date. IVH also has a corporate action kicker with Saba (CEFS) building a large position in it. They own 1.3M shares or approximately 8% of the outstanding shares. On the most recent filing, they put up an issuer... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MFS SPECIAL VALUE TRUST 5.80   0.0 0.00 0.00 9.72
MFS INTERMEDIATE HIGH INCOME FUND 2.68   0.0 0.00 0.00 9.08
ROYCE VALUE TRUST 14.16   0.0 0.00 1.51 8.84
ARES DYNAMIC CREDIT ALLOCATION FUND 15.08   0.0 0.00 0.00 8.56
NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUND 11.11   0.0 0.00 0.00 8.49
NUVEEN DIVERSIFIED DIVIDEND AND INCOME FUND 11.08   0.0 0.00 0.00 7.75
BLACKROCK DEBT STRATEGIES FUND 10.78   0.0 0.00 0.00 7.63
NUVEEN TAX-ADVANTAGED DIVIDEND GROWTH FUND 16.50   0.0 0.00 0.00 7.31
NUVEEN S&P 500 BUY-WRITE INCOME FUND 13.02   0.0 0.00 0.00 7.05
EATON VANCE SENIOR FLOATING-RATE TRUST 12.99   0.0 0.00 0.00 7.02
NUVEEN REAL ESTATE INCOME FUND 10.71   0.0 0.00 0.00 6.99
EATON VANCE FLOATING-RATE INCOME TRUST 13.23   0.0 0.00 0.00 6.91
TEMPLETON GLOBAL INCOME FUND 6.20   0.0 0.00 0.42 6.88
BLACKROCK FLOATING RATE INCOME STRATEGIES FUND 12.70   0.0 0.00 0.00 6.58
NUVEEN S&P 500 DYNAMIC OVERWRITE FUND 16.30   0.0 0.00 0.00 6.40
MFS HIGH INCOME MUNICIPAL TRUST 5.22   0.0 0.00 0.29 5.05
INVESCO VAN KAMPEN ADV MUNICIPAL INC TRUST II 11.18   0.0 0.00 0.00 4.77
BLACKROCK MUNIVEST FUND II 14.68   0.0 0.00 0.00 4.49
EATON VANCE MUNICIPAL INCOME TRUST 12.72   0.0 0.00 0.00 4.42
BLACKROCK MUNIHOLDINGS QUALITY FUND 12.68   0.0 0.00 0.00 4.18
BLACKROCK MUNICIPAL BOND TRUST 15.52   0.0 0.00 0.00 4.17
BLACKROCK MUNIENHANCED FUND 11.30   0.0 0.00 0.00 4.11
EATON VANCE MUNICIPAL BOND FUND 12.78   0.0 0.00 0.00 4.00
BLACKROCK MUNIYIELD CALIFORNIA FUND 14.59   0.0 0.00 0.00 3.51

MFS SPECIAL VALUE TRUST - MFV
MFS SPECIAL VALUE TRUST - MFV  


Older articles featuring Mfs Special Value Trust (MFV):
85 Equity Dividend Boosts In September From Barron's
Weekly Closed-End Fund Roundup: NBB Tender Offer, Liberty Funds Dividend Adjustment
Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%
Junk Bond CEFs Yielding 9% And Poised To Benefit From Rising Interest Rates (Part 3)
Junk Bond CEFs Yielding 9% And Poised To Benefit From Rising Interest Rates (Part 2)
Junk Bond CEFs Yielding 9% And Poised To Benefit From Rising Interest Rates (Part 1)
12 High-Yield Managed Distribution Policy Funds
6 MoPay Dividend Dogs Run To 15% To 22.6% October Upsides
Top MoPay Dividend Dogs Seek 14.8% To 89.6% Net Gains In April
Top Monthly Pay Dividend Dogs For March

More