Just noticed Cohen & Steers Infrastructure Fund hit its ex-dividend date last month and paid out $0.155 per share. If you held UTF before that date, that payment should have hit your account by now. What caught my eye was the annualized yield sitting around 7%, which is pretty solid in this environment. The fund focuses on infrastructure stocks, so you're getting exposure to that sector while collecting monthly payouts. Looking at the chart, UTF has been trading in a decent range over the past year - bounced between roughly $21.88 and $27.33. Right now it's hovering around the mid-to-upper part of that range. The infrastructure fund has been paying consistently month to month, which is one reason people hold it for income. Not saying it's risk-free or anything, but if you're looking at dividend stocks that pay monthly, an infrastructure fund like this one is worth tracking. The yield is attractive enough to keep on your watchlist, especially if you're into steady income plays.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin