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A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage. In particular, the F...
Last time we touched on FLC, they had trimmed their distribution a bit. They are focused on sustainability and making sure their distributions are covered through income. This fund currently has a distribution yield of 6.45%. For further details see: FLC: Distribution Se...
During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...
CEF mergers have been running at a fast clip over the past year, likely in response to growing fund expenses as a proportion of portfolio yields. Combined with high premium valuations as well as a divergence in valuations, mergers present a risk for CEF shareholders due to the potenti...
When we last covered Flaherty&Crumrine Preferred and Income Fund, we said that it was priced for exceptionally poor returns. We review the performance since then. We go over the key risks facing this one and tell you why this underperformance is not over. For further det...
1 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 16, 2021
Nineteen out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. MLPs lead while munis lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 2, 2021
The preferred closed-end fund space seems expensive, PTA looks to be a value in the space. It has performed well against its peers, so a discount doesn't necessarily seem warranted if the fund traded around its peers' average. The yield for the fund is on the lower end, but due to...
Flaherty&Crumrine Preferred Income Fund (PFD) declares $0.0843/share monthly dividend, -2% decrease from prior dividend of $0.0860.Forward yield 5.66%Payable May 28; for shareholders of record May 21; ex-div May 20.Payable June 30; for shareholders of record June 23; ex-div June 22.Payabl...
2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead, while Asia equity lags. Some Nuveen funds increase distributions due to adoption of a level distribution policy. For further details see: Weekly Closed-End Fund Roundu...
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2024-05-13 07:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-04 07:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-02-01 05:10:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...