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November Buys: 3 Monthly Paying CEFs, Plus Some Dividend Growth Opportunities

Published Tue, 15 Dec 2020 16:35:21 -0500 on Seeking Alpha

Seeking AlphaClosed End FundsNovember Buys: 3 Monthly Paying CEFs, Plus Some Dividend Growth OpportunitiesDec. 15, 2020 4:35 PM ET|| Includes: ABBV, ABT, BCV, BCV.PA, BMEZ, COMP, DJI, EVT, HRZN, HTFA, LAND, LANDO, LANDP, NEE, NEP, SP500by: Nick AckermanNick Ackerman CEF/ETF Income LaboratoryCEF/ETF income and arbitrage strategies, 8%+ portfolio yieldsSummaryNovember started out with a bang due to the election.
Besides some early buying last month, it was another month of light buying throughout the remainder of November.
I certainly didn't anticipate the sharp moves higher that the market was given after the election, but that is why I remain invested!
Written by Nick Ackerman, co-produced by Stanford Chemist
November started off with a bang shortly after the beginning of the month. With the election mostly out of the way and vaccine news - uncertainty turned to clarity. That is all the market needs to spark moves higher; or subsequently could have moved lower if it was bad news, of course. While a vaccine is certainly good news, we know that it will still be a while to get back to 'normal.' This is especially in terms of a normal economy. Lockdowns will persist sporadically through the winter months, putting new strains on the economy.

The broader indexes raced higher for the month on a total return basis, with the S&P 500 Index (SP500), Nasdaq Composite Index (COMP) and Dow Jones Industrial Averages (DJI) up significantly in the month of November alone. Though the month ended with a bit of a thud - indexes closing down on the last day of the month. These indexes rising was also assisted with October ending with a dip as well.
The real story was that the COMP lagged (growth) while the DJI outperformed (value) for a brief period this month. This move into more value investments was helped supported by vaccine news. The vaccine news should bode well for the economy and thus, help out the sectors like financials and energy. The same sectors... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
HORIZON TECHNOLOGY FINANCE 11.85   9.5 1.25 1.20 10.12
BANCROFT FUND 24.86   0.0 0.00 2.40 9.90
ABBVIE 70.83   26.0 2.72 4.28 6.28
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
ABBOTT LABORATORIES 85.21   52.3 1.63 1.28 1.54


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