Joe Eqcome submits:

Last year it was conjectured the closed end fund (“CEF”) market segment would have a “good year” in ‘09. It wasn’t a heroic pronouncement. (See: “Closed End Funds’ Dismal 2008 Performance: Better Outlook for 2009” (1/1/09))

While there were a number of good reasons to reach that conclusion, the most important one was the simplest: Since 1980 the CEF market segment had not experienced three consecutive years of negative returns. It would have been a rare phenomenon to have a third consecutive year of negative returns—albeit, not impossible.

Complete Story »

Stockerblog submits: Time for the quarterly update of the list of stocks, including exchange-listed closed end funds [CEFs], that pay their dividends monthly.

Many income investors are looking for monthly dividend payments to support their income during retirement. Other pre-retirement investors want monthly dividend stocks for their IRAs for faster compounding.

Complete Story »

Stockerblog submits: During the last few months, I have provided articles on the stocks, including exchange-listed closed end funds [CEFs], that pay their dividends monthly. Many income investors are looking for monthly payers to support their income during retirement. Some investors want monthly dividend stocks for their IRAs for faster compounding.

This list is now up to 150 different stocks, CEFs, REITs, floating rate funds, and oil income funds [such as Canadian royalty trusts], all of which are traded on the New York Stock Exchange or the American Stock Exchange. I've added over twenty new securities since the year-end update, reposted the yields, kept the readers' recommendations of sorting by yield with the highest first, and identifying the Canadian companies [due to tax withholding issues].

Complete Story »