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CEF dividend

Posted: Tue Nov 15, 2016 1:22 pm
by dualstow
I haven't owned CEF for very long, and I just saw this in transaction history:

Code: Select all

DIV OF $xx.yz PENDING REINVESTMENT
Anyone else get this?

Re: CEF dividend

Posted: Tue Nov 15, 2016 2:39 pm
by drumminj
I got notice of a dividend as well. Don't recall getting these in the past (held CEF for many many years now), but my memory is also quite poor on such things :)

Re: CEF dividend

Posted: Sun Nov 20, 2016 11:00 am
by Libertarian666
Yes, they pay 1 cent/share every year.

I'm not sure why they do that, but it is probably some legal requirement they have.