Cohen & Steers Select Utility Fund, Inc. (NYSE:UTF)
Non-diversified investment management company
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THIS FUND HAS ABOUT 19% IN BONDS. INFRASTRUCTURE ARE OFTEN CONSIDERED RECESSION RESISTANT DUE TO COMMUNITIES NEEDS.
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I own this IRL. I just can't pass on something that you can buy where you get a basket of stocks for a discount to NAV and you get a healthy dividend.
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The electric utilities recent got hammered by fund managers fleeing to bonds. Exelon dropped by $90 to $50 based on what logic? None. Completely irrational.
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This is a no-brainer. Distributing roughly $2.49/shr in dividends a year. At current price, that's a 22% yield! We think this is undervalued on DCF basis, and until it reaches a more appropriate valuation you're getting a 22% yield on original investment. utilities are histoically very stable cash producers.
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TRACKING TOP TEN YIELDS IN STOCKS UNDER 1B MKT CAP
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High Distribution rate over 14% if you include the December long term capital gains. This will be a solid performer. Infrastructure is a great play.
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