Important Updates for Investors
Carla Pasternak's Premiere Issue of High-Yield International Just
Released
Income expert Carla Pasternak's debut issue of High-Yield
International covers a Taiwanese manufacturer yielding 9.5%... a
rare Mexican monopoly yielding 13.4%... and other top-performing
investments yielding up to 19.0%.
Government's Biofuel Timetable Could Spell +15,900% Growth
+15,900% growth might seem far-fetched... but it's not. In fact, it
is mandated by law. And I've identified the ONLY stock positioned to
capture this growth.
The
Silver Lining to a Falling Dollar
Despite the U.S. national debt, there is a silver lining for income
investors. This massive spending, combined with movement out of U.S.
Treasuries, is going to take its toll on the dollar, and
international income investors could reap the rewards in the form of
higher dividends. |
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This
Tax-Advantaged Fund has a 7.1% Yield and
3-Year Annualized Gains of +15.4% |
Published:
April 21, 2008
Eaton Vance is a
leader in the tax-efficiency movement and has launched a number
of funds designed specifically to reduce tax exposure, including Eaton Vance Tax-Advantaged
Global Dividend (NYSE: ETG, $24.36).
ETG is a broadly
focused fund with a heavy weighting in foreign markets. The primary goal
is simple: distribute a high level of dividend income that
qualifies for the reduced tax rate. The managers don't
simply toss any stock that qualifies into the portfolio;
they focus on companies that are likely to raise dividends
and have substantial capital appreciation potential.
At the moment, the portfolio includes roughly 130 stocks,
and the high-yielding utility, energy and financial sectors
represent more than half of the fund's assets. From a
geographic standpoint, the portfolio is split almost equally
between North America and Europe.
Following a sharp increase last April, shareholders can
currently expect monthly distributions of $0.1438 per share. That works out to an
annual payment of about $1.73 per year, for a yield of 7.1%. And
if the past is any indication, then the lion's share of those
payouts will be taxed at the favorable 15% rate.
For the fiscal year ending October 31, 2007, the fund reported
net investment income (after paying dividends on preferred
shares issued for leverage) of $124.5 million, or $1.63 per
share -- and 100% of its ordinary income qualified for the
reduced rate.
Meanwhile, shareholders were treated to total returns (dividends
plus appreciation) of +27.2% for the year, versus just +10.8%
for the
benchmark Russell 1000 Value Index. And over the past 3 calendar
years, ETG has returned an average of +15.4%.
In recent months, ETG's managers have countered the threat
of rising inflation by shifting into hard assets -- a move that
has already paid off. And looking ahead, the fund has just
secured the financing to redeem all of its $750 million in
preferred shares and will begin using lower-cost debt to fund
its leverage -- which should leave more cash left over for
dividends, helping to make it a good fit for anyone looking to
maximize their after-tax global income.
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Nathan Slaughter
Editor
Half-Priced Stocks, The ETF Authority
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in-depth guidance on today's leading value opportunities, plus educational guidance, please subscribe to
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Stocks |
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