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