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<< Return to Part I: REITs

Below is a list of three closed-end funds with over 10% dividend yield selling for less than book, sorted by dividend yield:

1. ING Global Equity Dividend & Premium Opportunity Fund (IGD) has a 12.77% dividend yield that is distributed to investors on a monthly basis. The fund holds a $916.95 million market cap with a 0.92 price to book ratio (P/B), 6.97% return on equity, 2.11% return on assets, and 74.74% operating margin.

2. ING International High Dividend (IID) has an 11.48% dividend yield that is distributed to investors on a monthly basis. The fund holds an $80.13 million market cap with a 0.99 price to book ratio (P/B), 9.57% return on equity, 9.45% return on assets, and 68.98% operating margin.

3. Cohen & Steers Global Income Builder, Inc. (INB) has an 11.27% dividend yield that is generally distributed to investors on a quarterly basis. (Please note: dividend payouts for the fund are listed as irregular, but were paid on a quarterly basis throughout 2011.) The fund holds a $229.32 million market cap with a 0.83 price to book ratio (P/B), 30.99% return on equity, 23.21% return on assets, and 55.50% operating margin.

Disclaimer: All equities mentioned in this article are offered as speculation only. Any investment decisions made by the reader are, therefore, independent of this writing.

Continue to Part III: Others >>

Source: 15 Equities Yielding 10%+ And Selling Under Book Value, Part II: Closed-End Funds