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Overview
Columbia Seligman Premium Technology Growth Fund (NYSE:STK) has slowly become my largest closed-end fund to date, and it's for a reason. I previously covered STK and discussed how its strong track record has outperformed the
STK: A High Yield From Tech At A Discount
Summary
- Columbia Seligman Premium Technology Growth Fund outperforms S&P 500 in total return due to the high distribution and capital appreciation captured.
- STK provides a majority focus on the tech sector.
- Future interest rate cuts may serve as a catalyst for growth as this means that tech companies will have a lower cost of borrowing to fuel new innovations and growth.
- The current dividend yield is 5.5% and has the ability to create a large dividend income stream when compounded over a long period of time.
Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I create a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.Formerly: TheGamingDividend
Analyst’s Disclosure: I/we have a beneficial long position in the shares of STK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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