Dividend Investing: Closed-End Funds vs. ETFs
Published Sep 2, 2011 on Seeking Alpha

Dividend paying stocks with yields above 8% are unusual. Fortunately, there are many closed-end funds (CEFs) and a few exchange-traded funds (ETFs) selling at a discount to net asset value (NAV) with dividends exceeding 8%. Below is a table of CEFs with dividend payouts exceeding 8%, which trade at a discount, and have expense ratios below 2%: CEFs With Top Dividends Closed-End Fund (Ticker) Strategy Discount Expense Ratio Dividend Yield (ttm) BlackRock Intl Gr & Inc (BGY) Opt Arb/Opt Strat -4.4% 1.1% 15.5% Strategic Global Income (SGL) Global Income -4.9% 1.2% 15.0% BlackRock Gl Opps Eq (BOE) Opt Arb/Opt Strat -3.0% 1.1% 14.8% BlackRock En Capital&Inc (CII) Opt Arb/Opt Strat -6.8% 0.9% 14.7% Eaton Vance TxMgdGlDvEIn (EXG) Opt Arb/Opt Strat -12.3% 1.1% 14.1% AGIC Intl & Prem Str (NAI) Opt Arb/Opt Strat -3.4% 1.3% 14.0% Eaton Vance T-M D-E Inc (ETY) Opt Arb/Opt Strat -12.5% 1.1% 13.9% Eaton Vance R-Mgd... Read more