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Strategies & Market Trends : Young and Older Folk Portfolio

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marsdon
red cardinal
To: chowder who wrote (755)1/24/2022 5:19:42 PM
From: chowder2 Recommendations  Read Replies (2) of 22004
 
Re: Old Folk Portfolio -- Add On Buys

Today I added to a few CEF's looking to take advantage of the higher yields now and thus providing even more income safety for a portfolio in the withdrawal phase.

Here are the CEF's purchased today:

Virtus AllianzGI Artificial Intelligence & Technology - AIO - 8.18% yield
Black Rock Health Sciences Trust II - BMEZ - 8.53% yield
Tortoise Energy Infrastructure - TYG - 9.79% yield

TYG just recently announced a huge distribution increase.

Tortoise Energy Infrastructure (NYSE: TYG) declares $0.71/share quarterly dividend, 108.8% increase from prior dividend of $0.34.

Forward yield 9.72%

Payable Feb. 28; for shareholders of record Feb. 21; ex-div Feb. 20.
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