Columbia Seligman Premium Technology Growth Fund Inc Stock News

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth quarter distribution, that is beyond its typical quarterly managed distribution, in the total amount of $1.3280 per share of common stock (which includes the Fund's typical quarterly $0.4625 per share distribution). A federal excise tax of 4% applies to funds that do n...

Columbia Seligman Premium Technology Growth Fund is a core holding for us, delivering strong returns and high, growing distributions via tech stocks and covered calls. STK currently trades at a 4.47% discount to NAV, deeper than historical averages, but appears overbought on technical charts. The fund boasts veteran management, outperformance vs. peers and the S&P 500 over multiple timeframes, ...

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best...

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Columbia Seligman Premium Technology Growth Fund is upgraded to a strong buy, trading at a rare 3.8% discount to NAV. STK offers exposure to top technology growth companies and utilizes a dynamic covered call strategy, delivering a 5.5% yield and impressive long-term returns. While STK lacks downside protection and underperforms tech ETFs in downturns, its income and capital appreciation track ...

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best...

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a third-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The third-quarter...

The Nasdaq has been rallying nonstop since April. Let's discuss three covered call fund payouts up to 11.2% that play the rally.