Want Income This Week? 12 Closed-End Funds Going Ex-Dividend

Published Mon, 25 Apr 2016 07:49:03 -0400 on Seeking Alpha

A total of twelve closed-end funds (CEFs) will go ex-dividend this week, providing investors who want to jump into this dynamic market an opportunity to get income fast. The funds offering income are of varying types with various yields, and the most crucial questions you must ask when choosing one of these funds is which fits your risk profile and which is tied to a sector/market that you believe has tailwinds boosting it higher.
The twelve funds offering dividends include:
1. Three municipal bond funds: Neuberger Berman Intermediate Muni Fund (NYSEMKT:NBH), Neuberger Berman Intermediate NY Fund (NYSEMKT:NBO), and Neuberger Berman Intermediate CA Fund (NYSEMKT:NBW).
2. One MLP: First Trust MLP Energy Income and Growth Fund (NYSEMKT:FEN) One Utility Fund: DNP Select Income Fund (NYSE: DNP)
3. Two commodity funds: Nuveen Diversified Commodity Fund (NYSEMKT:CFD) and Nuveen Long/Short Commodities Total Return Fund (NYSEMKT:CTF)
4. One junk bond fund: Pacholder High Yield Fund (NYSEMKT:PHF)
5. One limited duration fund: Franklin Templeton Limited Duration Income Trust (NYSEMKT:FTF)
6. Three equity funds: First Trust Dividend and Income Fund (NYSE: FAV), Liberty All Star Equity Fund (NYSE: USA) and Liberty All Star Growth Fund (NYSE: ASG)
The lowest yield of these funds is with NBO (4.6%) and the highest yield is 10.2% with FEN. However, reaching for yield is not the best approach with CEFs, as double-digit declines over the last couple years in various CEFs... Read more