Alpine Dynamic Dividend Maintains High Dividend Yield

Many managed mutual funds are not worth buying because their performance does not justify their high fees. But Alpine Dynamic Dividend (ADVDX) is an exception. The current dividend yield of 13 percent makes ADVDX a strong candidate for income investors.

To achieve this very high yield the fund owns dividend-paying stocks plus preferred stocks, REITs, exchange-traded funds and convertibles. ADVDX buys well-managed companies whose prices are down and yields are up, buys companies with steadily increasing dividends and trades stocks just to capture their regular and special one-time dividends.

Because many of the dividends come from trades and one-time dividends, the monthly distribution of dividends is uneven.

ADVDX charges a hefty 1.23 percent annual expense ratio but it's easily offset by the high dividend yield. ADVDX trades in a range from $11.5 to $13.5.

See the Alpine Web site for more information about ADVDX and other Alpine funds.

Related Articles:

Alpine Global Dynamic Dividend Fund Seeks High Dividend Yield
Dividends Magnify Your Total Return
Dividends Will Reward the Patient Investor
Look Here For Rising Dividends
Special Dividends Pack a Punch

Posted October 23, 2006.