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Payback Periods For Discount CEFs With Dividends

Published Sun, 30 Oct 2011 04:22:52 -0400 on Seeking Alpha

Part of the allure of dividend-paying securities is that they pay back your initial investment directly. Amazingly, many closed-end mutual funds have distribution rates that are so high that at current values the sum of future dividends would equal your initial investment inside of a decade. I estimated the next thirty years of dividend payments for CEFs listed at a discount by the closed-end fund association as of October 28th, 2011. This calculation takes into account fund expenses, and that many CEFs distribute capital (principal funds) in addition to income, which makes the future base for dividends in the fund shrink over time. Here is a table of CEFs that pay back investors inside of 30 years: Closed-End Fund Market Return Discount Exp Ratio Income Only Yield Div Yield Required Return Payback Period First Tr Active Div Inc (FAV) -6.40% -6.41% 1.66% 11.34% 13.25% 11.9% 9 years Wells Fargo Gl... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SWISS HELVETIA FUND 8.13   0.0 0.00 4.91 60.77
MORGAN STANLEY INDIA INVESTMENT FUND 18.22   0.0 0.00 0.00 41.98
ING RISK MANAGED NAT RES FUND 4.40   0.0 0.00 0.00 14.83
INDIA FUND 20.00   0.0 0.00 0.00 11.83
ING GLOBAL EQUITY DIVIDEND & PREMIUM OPP 6.37   0.0 0.00 0.00 11.47
WELLS FARGO ADV GLOBAL DIV 5.38   0.0 0.00 0.00 10.58
ING ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND 8.52   0.0 0.00 0.00 9.66
EATON VANCE TAX MAN GLOBAL BUY WRITE OPP FUND 9.67   0.0 0.00 0.00 9.03
MFS INTERMEDIATE INCOME TRUST 3.82   0.0 0.00 0.37 9.01
WESTERN ASSET EMERGING MARKETS INCOME FUND 13.97   0.0 0.00 0.00 8.58
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND 3.16   0.0 0.00 0.27 8.52
ING GLOBAL ADV AND PREMIUM OPPORTUNITY FUND 10.60   0.0 0.00 0.00 8.51
EATON VANCE TAX-MANAGED BUY-WRITE INCOME FUND 15.80   0.0 0.00 0.00 8.18
COHEN & STEERS CLOSED-END OPPORTUNITY FUND 13.11   0.0 0.00 0.00 8.11
PUTNAM MASTER INTERMEDIATE INCOME TRUST 4.60   0.0 0.00 0.00 7.79
WESTERN ASSET EMERGING MARKETS DEBT FUND 15.70   0.0 0.00 1.20 7.75
MEXICO FUND 13.13   0.0 0.00 1.00 7.66
MFS GOVERNMENT MARKETS INCOME TRUST 4.57   0.0 0.00 0.00 7.56
PUTNAM PREMIER INCOME TRUST 5.29   0.0 0.00 0.40 7.46
BLACKROCK INT GROWTH AND INCOME TRUST 5.50   0.0 0.00 0.00 7.40
BLACKROCK GLOBAL OPP EQUITY TRUST 10.44   0.0 0.00 0.00 7.28
NFJ DIV INTEREST & PREMIUM STR FUND 12.55   0.0 0.00 0.00 7.26
COHEN & STEERS TOTAL RETURN REALTY FUND 14.98   0.0 0.00 0.00 6.56
BLACKROCK ENHANCED DIVIDEND ACHIEVERS TRUST 9.21   0.0 0.00 0.00 6.51
BLACKROCK ENHANCED CAPITAL AND INCOME FUND 16.19   0.0 0.00 0.00 6.19
WESTERN ASSET VARIABLE RATE STRATEGIC FUND 16.31   0.0 0.00 0.00 5.71
INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST 7.96   0.0 0.00 0.00 4.72
INVESCO VAN KAMPEN BOND FUND 19.69   0.0 0.00 0.82 4.16
WESTERN ASSET MUNICIPAL HIGH INCOME FUND 7.65   0.0 0.00 0.00 3.99
DELAWARE INV MINNESOTA MUNICIPAL INCOME FUND II 12.95   0.0 0.00 0.00 3.47
SINGAPORE FUND 13.13   0.0 0.00 0.00 0.69
 
 
 
WESTERN ASSET WORLDWIDE INCOME FUND  

SWISS HELVETIA FUND - SWZ
SWISS HELVETIA FUND - SWZ  


Older articles featuring Swiss Helvetia Fund (SWZ):
The Chemist's CEF Report - July 2018: Treasury Yield Spread Continues To Narrow
Options For Alpha In Activist-Driven Yield Plays
Closed-End Funds With Yields Over 5%
10% Sale On Closed-End Dividend Funds
10% Sale On Closed-End Dividend Funds
Global ETFs and CEFs: An Income Investor's Hunt for Yield

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