Columbia Seligman Premium Technology Growth Func Inc

Columbia Seligman Premium Technology Growth Fund, Inc. is a closed end mutual fund investment trust, which invests in technology and technology-related companies. Its investment objectives is to seek growth of capital. The company was founded on September 03, 2009 and is headquartered in Boston, MA.

STK is a closed-end fund that primarily invests in high-growth technology stocks and utilizes call overwrite to reduce volatility and generate income. Besides high growth potential, currently, the fund yields nearly 5.5%, making it a good investment for income investors. Besides moderate income, the past growth record has been excellent. We would rate the fund as a 'hold' for existing owners and a 'buy' for new investors as a diversification in the technology space. However, the new buyers should use dollar-cost-averaging to avoid the risk of buying near the top.

STK: A Technology Equity Fund With Call Overwrite, A 5.5% Yield And Solid Growth

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a fourth-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 fourth-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.4131% (5.65% annualized) of the.

Columbia Seligman Premium Technology Growth Fund Announces a Fourth Quarter Distribution: 9.25% Annual Rate for IPO Investors

Columbia Seligman Premium Technology Growth Fund offers a balance between growth and income, leveraging an option strategy to generate a 6.5% dividend yield. STK's diverse tech holdings focus on downside volatility mitigation, with semiconductors and software sectors comprising nearly half of its portfolio. Despite potential vulnerabilities, STK's price trading at a discount to NAV and consistent dividend history make it an attractive buy for income-focused investors.

STK: Unlock Higher Income Even If Tech Growth Slows

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Closed-end funds (CEFs), with an average yield of around 8%, are terrific for just about any investor—especially those looking to their portfolios to help pay the bills.

Forget Tech Volatility: ‘Go Global' With This Steady 8.1% Payer

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 distribution of $0.4625 per share is equal to a quarterly rate of 1.3943% (5.58% annualized) of the F.

Columbia Seligman Premium Technology Growth Fund Announces a Third Quarter Distribution: 9.25% Annual Rate for IPO Investors

Apple

Adams Diversified Equity Fund

Broadcom

ArrowMark Financial

Chevron

Enterprise Products Partners

Energy Transfer LP Unit

Eaton Vance Tax-Managed Diversified Equity Income Fund

India Fund Inc

Microsoft

Neuberger Berman MLP Income Fund, Inc.

ONEOK

Adams Natural Resources Fund Inc

LMP Capital and Income Fund

Liberty All Star Equity Fund

Exxon Mobil

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 draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

Hedge funds have a big problem: They can't beat the market anymore.

These 8%+ Dividends Are Beating Hedge Funds At Their Own Game

MINNEAPOLIS--(BUSINESS WIRE)--Columbia Seligman Premium Technology Growth Fund, Inc. (the “Fund”) (NYSE: STK) today held its 14th Annual Meeting of Stockholders (the “Meeting”) in Minneapolis, Minnesota. Stockholders voted in favor of the recommendations of the Fund's Board of Directors (the “Board”) on each of two proposals at the Meeting. Specifically, Stockholders re-elected Directors Kathleen Blatz, Pamela G. Carlton and George S. Batejan and elected David M. Moffett, each for a term that w.

Columbia Seligman Premium Technology Growth Fund, Inc. Holds 14th Annual Meeting of Stockholders

Tri-Continental

BURLINGTON, Mass.--(BUSINESS WIRE)--PharmaEssentia USA Corporation, a subsidiary of PharmaEssentia Corporation (TWSE: 6446), a global biopharmaceutical innovator based in Taiwan leveraging deep expertise and proven scientific principles to deliver new biologics in hematology, oncology and immunology, today announced completion of enrollment for two clinical trials evaluating its ropeginterferon alfa-2b-njft (BESREMi®). The Phase 2b EXCEED-ET trial (NCT05482971), which is evaluating the effectiv.

PharmaEssentia Completes Patient Enrollment for Phase 2b EXCEED-ET Trial in Essential Thrombocythemia and Phase 3b ECLIPSE-PV Trial in Polycythemia Vera

Columbia Seligman Premium Technology Growth Fund focuses on leading tech stocks with strong returns since inception. Top holdings include Lam Research, Broadcom, and Microsoft, all potentially overbought and due for a pullback. Nvidia's massive rally could spark a tech stock selloff, making it a good time to sell and wait for a pullback.

STK: This Tech Stock ETF Is Likely Due For A Pullback

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.

STK: A High Yield From Tech At A Discount

BlackRock Innovation & Growth Trust

Every now and then, we have a “big-dividend shootout”—we pit two big payers against each other and see which one wins out.

How To Analyze 8%-Yielding Tech CEFs

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a second-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 second-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.4929% (5.97% annualized) of the.

Columbia Seligman Premium Technology Growth Fund Announces a Second Quarter Distribution: 9.25% Annual Rate for IPO Investors

Large-cap technology stocks are finally seeing some limits to their upside after an epic 40%-plus run to all-time highs over the last year or so. So while the Magnificent 7 aren't quite as magnificent as they used to be, in some ways that can be an advantage to funds that write options. The Columbia Seligman Premium Technology Growth Fund has historically been the premier option-write technology fund among CEFs, typically trading at a double-digit premium.

Rare Opportunity In The Columbia Seligman Premium Technology Growth CEF

STK is appealing for investors that are seeking tech exposure combined with regular dividend flow. Stock-picking showed its risks in 2023 with the Fund being underweight in key companies which reduced share appreciation. Active management is underperforming the benchmark even when including dividends.

STK: Dividends Are Not Worth The Investment

Columbia Seligman Premium Technology Growth Fund has outperformed its peers in the past year, but this performance is unlikely to continue. The valuation risk of the tech sector has become too high, which makes the STK closed-end fund vulnerable to a slowdown or correction. The fund's use of covered calls may be less efficient in generating income due to rising interest rates and low market volatility.

STK: Past Performance Is Unlikely To Continue

BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK) today announced that the Fund's 14th Annual Meeting of Stockholders will be held on June 25, 2024 (the Meeting) in Minneapolis, MN. The close of business on April 16, 2024 has been fixed by the Fund's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.

Columbia Seligman Premium Technology Growth Fund, Inc. Announcements Regarding 14th Annual Meeting of Stockholders

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a first-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 first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.4270% (5.71% annualized) of the F.

Columbia Seligman Premium Technology Growth Fund Announces a First Quarter Distribution: 9.25% Annual Rate for IPO Investors

AbbVie

American Tower

Ares Capital

Bristol-Myers

BlackRock Science & Technology

Central Securities

Enbridge

Home Depot

Intuit

JPMorgan Equity Premium Income ETF

Barings Corporate Investors

Medtronic

MPLX

Morgan Stanley

NextEra Energy

NXP Semiconductors

Realty Income Corp

PepsiCo

Parker-Hannifin

Regions Financial

Cohen & Steers Quality Income Realty Fund

Schwab US Dividend Equity ETF

We outline an Income Strategy for creating a self-sufficient portfolio for retirees and income-focused investors with $1 million to generate a life-long income stream. We explain the benefits of generating income through dividends and distributions rather than selling shares for capital gains. We compare the results of backtesting an income strategy with index investing for the past 24 years, starting from the year 2000.

How To Invest $1 Million In Retirement For Life-Long Income

The first week of 2024 was a rough one for stocks—and that, oddly enough, suggests we might see a good year for stocks in 2024.

This 6.2%-Paying Fund Is Wildly Overbought

Columbia Seligman Premium Technology Growth Fund is a closed-end fund that primarily invests in technology companies, offering high income and growth potential. For 14 years of its existence, it has offered nearly 14% of annualized total returns, never cut its distributions, and is paying 6.2% in distribution income. We believe it is an excellent fund for income investors; however, we would rate the fund as "hold" mainly because it is trading at a significant premium, and new buyers may want to wait for the premium to come down a bit.

STK: High Income And Excellent Growth, But Is It A Buy?

Columbia Seligman Premium Technology Growth Fund focuses on investing in the technology sector with strong growth prospects and attractive valuations. STK deploys an option strategy that provides a high dividend yield of over 6% and has outperformed competitors in terms of price appreciation and NAV growth. The fund rewards shareholders with special dividends coming from the year's realized gains.

STK: Outperforms Indexes While Providing Superior Dividend Income

BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a special fourth quarter distribution, beyond its typical quarterly managed distribution policy, in the amount of $0.2669 per share. A federal excise tax of 4% applies to funds that do not distribute substantially all of their annual income (including net gains) before the end of their fiscal year. The Fund's income for the current fiscal year exceeds the amounts previously dis.

Columbia Seligman Premium Technology Growth Fund Announces a Special Fourth Quarter Distribution

BlackRock Energy and Resources Trust

Blackrock Long-Term Municipal Advantage Trust

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

ClearBridge Energy MLP Opportunity Fund Inc

Eaton Vance National Municipal Opportunities Trust

Aberdeen Global Income Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Nuveen Mortgage Opportunity Term Fund

Nuveen California AMT-Free Quality Municipal Income Fund

PIMCO Income Strategy Fund II

Cushing MLP & Infrastructure Total Return Fund

abrdn World Healthcare Fund 

XAI Octagon Floating Rate & Alternative Income Term Trust

19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.

Weekly Closed-End Fund Roundup: November 26, 2023

Eaton Vance Risk-Managed Diversified Equity Income Fund

CEFs are perhaps best known for their bond funds, but many are surprised to find that, actually, equity CEFs yield more on average: 9.4%.

News for Columbia Seligman Premium Technology Growth Func Inc ETF (STK)