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Cohen Steers Dividend Majors Fund Inc
Cohen & Steers Dividend Majors Fund Inc. (DVM) is a closed-end management investment company that seeks high current income and long-term growth of income through investment in income-producing equity securities. The fund focuses on large-cap, dividend-paying companies in the United States.
Here are some key points about Cohen & Steers Dividend Majors Fund Inc. (DVM):
* Stock Exchange: The stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVM".
* Investment Objective: The fund's primary investment objective is to seek high current income and long-term growth of income through investment in income-producing equity securities.
* Investment Strategy: The fund invests at least 80% of its assets in dividend-paying common stocks of large-capitalization companies that are listed on a U.S. stock exchange. It focuses on companies with a history of paying dividends and a strong potential for future dividend growth.
* Earnings: The fund's earnings are primarily derived from dividends received from its portfolio holdings. As of the most recent quarter, the fund's net investment income was $0.35 per share.
* Growth: The fund's growth potential comes from both the appreciation of its portfolio holdings and the potential for dividend increases from those holdings.
* Dividends: The fund pays quarterly dividends to its shareholders. As of the most recent quarter, the fund's dividend rate was $0.43 per share, representing an annualized yield of approximately 3.3%.
* Expense Ratio: The fund's expense ratio is 0.91%, which is higher than the average expense ratio for similar funds in the same category.
Note: It is important to keep in mind that investing in stocks always involves risk and past performance does not guarantee future results. Potential investors should consider their own investment objectives, risk tolerance, and financial circumstances before investing. It is also important to consult with a financial advisor before making any investment decisions.