Dividend-News

Daily dividend news for investors in dividend stocks


High-Yield ETFs And CEFs: No Free Lunch

Published Thu, 10 Sep 2020 10:00:00 -0400 on Seeking Alpha

Seeking AlphaETF AnalysisHigh-Yield ETFs And CEFs: No Free LunchSep. 10, 2020 10:00 AM ET|| Includes: AWP, BBRE, CHIR, DRW, EWRE, FFR, FREL, FRI, GQRE, HAUZ, ICF, IFGL, IGR, INDS, IYR, JDD, JRS, KBWY, MBB, MORT, NRO, NURE, OLD, PFFR, PGZ, PPTY, PSR, RDOG, REET, REM, RFI, RNP, ROOF, RQI, RWO, RWR, RWX, SCHH, SRET, SRVR, USRT, VNQ, VNQI, VRAI, WPS, XLREby: Hoya Capital Real EstateHoya Capital Real Estate iREIT on AlphaiREIT, the #1 real estate service for sleeping well at night. Summary"Give me yield or give me death." In a world of perpetually low interest rates, investors have piled into yield-oriented equity sectors to quench their voracious appetite for income.
High-yield real estate ETFs and CEFs have been popular options, which typically offer juicy dividend yields of 5-10% compared to their broad-based real estate ETF counterparts yielding below 4%.
On Wall Street, there’s no free lunch. High-yield funds REITs been slammed by the coronavirus pandemic, bearing the brunt of the wave of dividend cuts that has bedeviled the sector.
While roughly a third of the equity REIT sector cut or reduced dividends in 2020, many of these high-yield ETFs and CEF saw 60-85% of their constituents cut dividends this year.
These ETFs typically include a collection of misfits, outcasts, small-caps, and recent underachievers. CEFs add another dimension by utilizing leverage. Understanding the source of excess yield is essential.
Real Estate ETF and CEF Spotlight
Exchange-Traded Funds ("ETFs") are an excellent option for investors seeking low-cost, liquid, and diversified exposure to real estate. Closed-End Funds ("CEFs"), a fund structure that shares some similarities but also some critical differences from ETFs, can also make sense for certain investors who are seeking high income, access to leverage, active management, and are willing to pay a steep expense premium for it. In our ETF Spotlight series, we take a look under the hood of some of the most popular... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ALPINE GLOBAL PREMIER PROPERTIES FUND 6.15   0.0 0.00 0.00 7.95
NUVEEN DIVERSIFIED DIVIDEND AND INCOME FUND 11.08   0.0 0.00 0.00 7.75
NUVEEN REAL ESTATE INCOME FUND 10.71   0.0 0.00 0.00 6.99
COHEN & STEERS TOTAL RETURN REALTY FUND 14.98   0.0 0.00 0.00 6.56
COHEN & STEERS REIT 23.56   0.0 0.00 0.00 6.38
COHEN & STEERS QUALITY INCOME REALTY FUND 15.60   0.0 0.00 0.00 6.30
SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF 38.88   0.0 0.00 1.92 4.93
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND 118.41   0.0 0.00 0.00 0.00
ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND 41.97   0.0 0.00 0.00 0.00

ALPINE GLOBAL PREMIER PROPERTIES FUND - AWP
ALPINE GLOBAL PREMIER PROPERTIES FUND - AWP  


Older articles featuring Alpine Global Premier Properties Fund (AWP):
Dividend Hikes Lift REITs
A Look At Dividend Capture In CEFs
Dividend Cuts And Overdue Rent: REIT Earnings Recap
Dividend Cuts And Overdue Rent: Previewing REIT Earnings Season
Hotel REITs: Dividend Cut Bloodbath
REITs Hit By 'Second Wave' Of Dividend Cuts
REITs Will Bend, They Will Not Break: Incredible Opportunity At 7% Yield And 9% Discount For RNP
Dividend Cuts And Overdue Rent: REIT Earnings Recap
REITs Rally Despite Mounting Dividend Cuts
On Sale: Monthly Pay 6.7% Yield, Rare Discount From RQI

More