I came across a closed end fund today that may make for a nice addition to the self directed IRA account. The Van Kampen Dynamic Credit Opportunities Fund (VTA) is showing a steady monthly yield of $.152 per month, which puts it at a 13% yield given the current $13.77 share price. Although the share price has declined since launch last summer with the rest of the financials, I think it's overdone here since it started accumulating assets once most of the sub-prime carnage was already known and starting to circulate. Given that the dividend has been paid steadily at $.152 every month since launch, and will be in March too, it may be worth buying this one that may be unfairly punished for guilt by association.
VTA doesn't show up on dividend screeners, nor does it even show a percentage yield in Yahoo! Finance, but if you check out the dividend history in "historical prices", "dividends", you'll see the steady history. So, to the question, "Is this 13% Yield Worth the Risk?", I think the answer is a resounding "Yes".
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