Published Mon, 28 Oct 2019 07:24:53 -0400 on Seeking Alpha
Given the ample historical evidence, this seems to be a classic scenario surrounding a yield curve inversion before a recession. None of the leading indicators are clearly signaling that this time could be different.
- Who Wants To Bet Against The Yield Curve: Is This Time Different?, St. Louis Fed, Carlos Garriga, Vice President and Economist, and Matthew Famiglietti, Research Associate
I have been a total return investor all of my life, but frequently discuss strategies and funds with a dedicated income investor. The primary difference is how we see risk. To me, risk is the permanent loss of capital or not meeting financial objectives. To the income investor, risk is probably best described as a reduction in your income stream. This article is about viewing risk from both sides of the fence.
There are increasing indications about the likelihood of recession occurring next year making dividend cuts a topic of interest to me. For this article, I extracted 173 lower-risk funds from the Mutual Fund Observer database in 46 different categories that were paying dividends prior to the 2007 bear market starting.
I selected the funds based on their risk-free yield divided by the Ulcer Index (Risk), Martin Ratio (Risk-Adjusted Return), Expense Ratios, Yields, and Returns during the 2007 Bear Market. Closed end funds (135) were selected following the guidelines described in "5 Best CEFs To Buy For October 2019" by Financially Free Investor using... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|KAYNE ANDERSON MLP INVESTMENT||14.71||0.0||0.00||0.00||9.76|
|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|
|ING GLOBAL ADV AND PREMIUM OPPORTUNITY FUND||10.60||0.0||0.00||0.00||8.51|
|BLACKROCK INCOME TRUST||6.02||0.0||0.00||0.00||6.85|
|ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND||11.78||0.0||0.00||0.00||6.68|
|TCW STRATEGIC INCOME FUND||5.78||0.0||0.00||0.37||6.29|
|BLACKROCK HEALTH SCIENCES TRUST||38.18||0.0||0.00||0.00||6.26|
|REAVES UTILITY INCOME FUND||36.75||0.0||0.00||0.00||5.89|
Older articles featuring Kayne Anderson Mlp Investment (KYN):Income Lab Ideas: Dividend Changes Review And Discussion Through The Pandemic
Examining Midstream C-Corp Dividends As Yields Rival Historical MLP Yields
2020 Vision: What's The Outlook For Midstream/MLP Dividends This Year?
FEI: The Most Defensive MLP Fund Still Yields Over 11%
Income Investing And The Changing Yield Curve
9.5% Yield From MIE, A Solid CEF Priced To Buy
The Highest Yield Left In The Market
Do Dividend-Paying Stocks Make Better Investments?
Barron's Says To Buy MLPs In 2019, Yet Its Best Yield Plays Favor Vodafone
Dividend Cuts - Managing Their Impact On Our 'Income Factory'