Potential market growth is a help for investors
According to analysts, the three most effective companies in terms of dividend payments are PTY, UTG and RQI. These are the so-called closed-end funds (CEF), which guarantee investors a reliable dividend stream. At the end of the summer, the securities of these firms were traded at relatively low prices. Experts consider the stocks of these companies to be an excellent addition to any investment portfolio.
PIMCO Corporate & Income Opportunity (PTY)
The leader among companies with high dividend yield is PTY. This figure is 10.2%. The fund's portfolio includes several debt investments with a small number of preferred and common shares. PTY's debt investments include corporate bonds (nearly 50% of the portfolio), floating rate loans and other asset-backed securities. In January 2022, PTY generated a month's worth of investment income and increased the security of its payouts. Given that the coverage ratio since the beginning of 2022 is 130.5%, the likelihood of an increase in the company's payments has grown significantly. Since its inception, the fund's total income has been 12% per annum. The generous dividends that PTY pays out are a great asset to long-term investors.
Reaves Utility Income Fund (UTG)
The second place in terms of dividend yield is occupied by UTG (its figure is 7%). The company, founded in 2004, has stood the test of time and is considered quite reliable. The utility sector, to which UTG belongs, generates stable revenues in any economic environment. The reason is the constant high demand for utilities (electricity, water supply, gasification, Internet services, etc.). In 2022, the fund showed an impressive increase in the value of its assets (by 68%). According to analysts, this indicates the reliability of the company's earnings in the long term. For CEFs, such as UTG, asset values increase if the firm generates more money than it pays out in dividends. The company adheres to this strategy, from time to time paying special dividends to investors. UTG's current dividend payout is $0.19 per share. This allows the fund to maintain a current yield of 7%. The company is great for investors who need a stable and high income.
Cohen & Steers Quality Income Realty Fund (RQI)
RQI closes the top 3 companies with guaranteed high dividend yields. Its figure is 6.2%. The fund's investment portfolio includes securities of 200 large companies. The firm invests in real estate and generates inflation-protected capital. Over the past 10 years, RQI's dividend payout has remained high. In addition, the company has had several payout increases, the last of which took place in 2015. In 2016, RQI switched from a quarterly revenue distribution to a monthly one. The fund survived the last recession well, limiting itself to a short-term reduction in dividends. Experts are confident that the company's dividend payments will remain high in the long term.
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