This closed-end fund has a current annual dividend yield of 6.73%, paid quarterly, and its top three sectors are: Information Technology, 32.7% of assets; Healthcare, 24.6%; and Consumer Discretionary, 12.7%.
Liberty All-Star Growth Fund, Inc. (ASG)
From Contrarian Outlook
The market’s fall pullback is starting to reverse itself, but don’t worry; there are still bargain dividend payers with high yields to be had out there.
But investing (along with everything in our lives!) has changed. You simply won’t get safe, high payouts by clutching to old habits and buying big-name, high-yielding S&P 500 stocks. The real dividend bargains are in closed-end funds (CEFs), which give you higher payouts, greater safety, and often better returns over the long haul.
The Liberty All-Star Growth Fund is full of companies that have beaten dividend darling AT&T (T) over the long haul—like Amazon.com (AMZN), Microsoft (MSFT) and Alphabet (GOOG).
Source: Liberty All-Star Growth Fund June 30, 2020, quarterly update
Plus, ASG gives you much more diversification than buying a single telecom stock: the fund boasts 121 holdings spread over a range of sectors.
ASG’s timely stock selection has helped it dominate over the last 10 years, returning 329% to the S&P 500’s 256% and AT&T’s 72%.
Brett Owens, Contrarian Outlook, BNK Invest Inc., 500 North Broadway, Suite 265, Jericho, NY 11753 USA, 516-620-4294, October 8, 2020