BlackRock Science and Technology Trust (BST)
BST Price and Sentiment
BST Latest news
There are three funds hiding in plain sight that do something everyone thinks is impossible: pay huge dividends.
BST is a closed end fund that utilizes an equity focused portfolio, supplemented with derivatives, to drive current income and total return. The fund has a current yield of 5.58% and has outperformed the S&P 500 since inception.
A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.
September didn't disappoint with its historical trend of being a down month.
Market volatility has been ramping up throughout the month of September as historically it has been the weakest month. We are at historically narrow discounts/premiums for closed-end funds and that could mean things get even more volatile.
BST is an attractive value in an elevated closed-end fund market and a frothy market overall. BST offers investors a 4.95% distribution yield from a tech portfolio, this was boosted earlier this year.
BME's portfolio is dominated by large-cap healthcare names that are rather boring.
Evaluating Closed-End Funds: BST Provides Good Income From The Tech Sector
BST yields 4.94% and pays monthly. Management raised the monthly dividend twice in the past 12 months for BST and BSTZ.
It was a relatively quiet month with the major indexes heading higher again - though some volatility to get there. I've added 2 closed-end fund positions into my portfolio; BST after its rights offering and a new position in ASGI as the fund trades at an attractive valuation.