HTD - HTD: A Solid 7.37% Yield Available At A Very Attractive Price

March, 28 2021 07:03 AM John Hancock Tax Advantaged Dividend Income Fund of Beneficial Interest

HTD is a solid CEF that will likely prove very attractive to those investors that are interested in the dividend growth strategy.
The fund is heavily weighted towards utilities, which is nice because these tend to be very stable entities that slowly increase their dividends.
The fund uses a moderate amount of leverage, allowing it to deliver much higher yields than comparable ETFs.
The fund did generate pretty large capital losses in 2020 but it does appear to ordinarily be able to cover its distribution.
The fund is trading at a larger discount than normal so now would be the right time to buy.

For further details see:

Company Name:	John Hancock Tax Advantaged Dividend Income Fund of Beneficial Interest
Stock Symbol:	HTD
Market:	NYSE