What is ETV? Its a Closed End Fund that uses the Covered Call strategy to generate its monthly dividend for its income seeking investors. Currently it pays $1.33 a share annually or 0.11 cents per share per month as it pays its dividend to investors monthly ... great for retirees seeking income for everyday life.
I know you see it ...
No? What you're seeing is ETV has made this trip (3) times and twice hitting highs enough for me to SELL SELL SELL to collect the equivalent of the ENTIRE years dividend and I didn't sell it.
So here we are again ... ETV has sold off with the rest of the markets ... and can be had for $14.8x ... and I'm guessing it finds itself back above $15.6x ...
Its pays 0.11 cents a share PER MONTH ... or 8.7% annual
I think tomorrow I pick up another 1,000 shares and keep pocketing the juicing dividends ... but if this sucker gets back to $15.6x ... RIP CORD BABY!!!
SKIN = Yes, I own ETV and I'm a BUY BUY BUYER at this level
DUMP your kids savings accounts and invest in high yielding Closed End Funds ... IMO :)
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