ENB:CC - UTF: A 7.5% Yielding Infrastructure CEF That Has An Impressive History
2023-03-06 09:00:00 ET
Summary
- UTF has been an impressive CEF as it generated $32.05 of dividend income since inception, which is 160.22% of its IPO price.
- Over the years, UTF has been able to grow its dividend income from $1.02 per share at inception to its current dividend of $1.86 per share, which is an 82.35% increase.
- I am a fan of UTF's underlying portfolio as I am a shareholder of companies such as Enbridge, Energy Transfer, and Southern Company.
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UTF: A 7.5% Yielding Infrastructure CEF That Has An Impressive History