Yield

MILLER/HOWARD HIGH INCOME EQUITY FUND DECLARES MONTHLY DISTRIBUTIONS

Wednesday, April 1, 2020 - 1:45pm

The Fund intends to pay monthly distributions to its shareholders.

Key Points: 
  • The Fund intends to pay monthly distributions to its shareholders.
  • The Funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • The emphasis is on high-quality stocks with high yield and strong dividend growth offering investors the opportunity for capital appreciation, current income, and growth of income.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Wednesday, April 1, 2020 - 11:45am

The distribution is expected to be paid from net investment income (regular interest and dividends).

Key Points: 
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.
  • An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.

Mulvihill Premium Yield Announces Year End Results

Friday, March 27, 2020 - 8:01pm

TORONTO, March 27, 2020 (GLOBE NEWSWIRE) -- Mulvihill Premium Yield Fund (the Fund) announces results of operations for the period ended December 31, 2019.

Key Points: 
  • TORONTO, March 27, 2020 (GLOBE NEWSWIRE) -- Mulvihill Premium Yield Fund (the Fund) announces results of operations for the period ended December 31, 2019.
  • The Fund will use a quantitative approach to primarily select securities that generate strong free cash flow and have a high shareholder yield, utilizing measures such as dividends and share buybacks.
  • The Fund seeks to achieve a 5 percent yield, with additional capital growth potential beyond such yield target.
  • The Funds investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc.

BNY Mellon High Yield Strategies Fund Declares Dividend

Thursday, March 26, 2020 - 10:32pm

On March 26, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on April 24, 2020 to shareholders of record at the close of business on April 9, 2020.

Key Points: 
  • On March 26, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on April 24, 2020 to shareholders of record at the close of business on April 9, 2020.
  • The ex-dividend date is April 8 2020.
  • The previous dividend declared in February was $0.0215 per share of beneficial interest.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200326005778/en/

C-Tracks ETNs Linked to the Miller/Howard MLP Fundamental Index (MLPC) To Pay Quarterly Coupon

Thursday, March 26, 2020 - 12:00pm

This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Key Points: 
  • This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
  • Based on their closing price on March 25, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 21.65%.
  • The annualized indicated yield is not indicative of future coupon payments, if any, on the ETN.
  • The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.

Southern Michigan Bancorp, Inc. Declares Cash Dividend

Wednesday, March 25, 2020 - 12:00pm

The annualized cash dividend of $0.92 per share represents a 3.54% dividend yield based on the current market price of $26.00 per share.

Key Points: 
  • The annualized cash dividend of $0.92 per share represents a 3.54% dividend yield based on the current market price of $26.00 per share.
  • Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust.
  • For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com .
  • Although we currently expect to continue to pay a quarterly cash dividend, each future dividend will be considered and declared by the board of directors in its discretion.

Insight Select Income Fund Declares Quarterly Dividend

Thursday, March 19, 2020 - 2:25pm

The Insight Select Income Fund (INSI) (the Fund) yesterday declared a quarterly dividend of $0.20 on March 18, 2020.

Key Points: 
  • The Insight Select Income Fund (INSI) (the Fund) yesterday declared a quarterly dividend of $0.20 on March 18, 2020.
  • The Funds last four quarterly dividend payments from ordinary income equates to approximately $0.8316 per share.
  • The Fund will also look to benefit from trading securities to optimize the risk adjusted yields in the Fund.
  • Investors should understand that a return of capital is not a distribution from income or gains of a Fund.

PRAIRIESKY ADJUSTS FREE CASH FLOW ALLOCATION AND MOVES TO A QUARTERLY DIVIDEND EFFECTIVE Q2 2020; DECLARES MARCH DIVIDEND

Monday, March 16, 2020 - 8:01pm

PrairieSkys Board of Directors has taken decisive action by adjusting the Companys dividend to a level significantly below its anticipated free cash flow.

Key Points: 
  • PrairieSkys Board of Directors has taken decisive action by adjusting the Companys dividend to a level significantly below its anticipated free cash flow.
  • This decision will afford PrairieSky flexibility as the outlook evolves, while paying a meaningful dividend and building cash on its clean balance sheet.
  • PrairieSky will move to a quarterly dividend commencing in Q2 2020 with the first quarterly dividend to be declared and paid to holders of record on June 30, 2020.
  • The dividend will be adjusted to $0.24 per common share annually (CDN $0.06 per common share quarterly) for the balance of 2020, which provides investors with a dividend yield significantly below PrairieSkys free cash flow yield.

THL Credit Senior Loan Fund Declares Monthly Distribution of $0.101 Per Share

Wednesday, March 11, 2020 - 10:00am

BOSTON, March 11, 2020 (GLOBE NEWSWIRE) -- THL Credit Senior Loan Fund (the Fund) (NYSE: TSLF) today announced the declaration of its monthly distribution of $0.101 per common share, payable on March 31, 2020.

Key Points: 
  • BOSTON, March 11, 2020 (GLOBE NEWSWIRE) -- THL Credit Senior Loan Fund (the Fund) (NYSE: TSLF) today announced the declaration of its monthly distribution of $0.101 per common share, payable on March 31, 2020.
  • Based on the Funds share price of $13.85 as of its close on March 10, 2020, the distribution represents an annualized yield of 8.75%.
  • The distribution rate should not be considered the yield or total return on an investment in the Fund.
  • THL Credit Senior Loan Fund undertakes no duty to update any forward-looking statements made herein.

Diamond Hill Receives Two Refinitiv Lipper Awards: Best Fixed Income Small Company Group and Best High Yield Fund

Friday, March 6, 2020 - 1:42pm

Diamond Hill received the Group Award in the Fixed Income Small Company category out of 81 fund families for the three-year period ended Nov. 30, 2019.

Key Points: 
  • Diamond Hill received the Group Award in the Fixed Income Small Company category out of 81 fund families for the three-year period ended Nov. 30, 2019.
  • The Diamond Hill High Yield Fund, Class Y (DHHYX), received the Best High Yield Fund award, out of 107 funds, for the three-year period through Nov. 30, 2019.
  • The Diamond Hill High Yield Fund is managed by William Zox, CFA; John McClain, CFA; and Suken Patel, CFA.
  • As of Feb. 29, 2020, Diamond Hill fixed income assets under management were over $2.7 billion.