Author: Simply Safe Dividends

With the stock’s dividend yield sitting near its highest level in a decade, shares may appeal to conservative income investors who share our belief that the firm’s long-term outlook appears intact.

It’s one of only a handful of CEFs that boasts a Safe Dividend Safety Score, having never reduced its distribution since the fund’s inception in 2004 and even delivering mid-single-digit payout growth over the past decade.

In short, we would prefer to own a business with a stronger financial outlook and better dividend growth prospects.