Invests in preferred securities to generate income. Invests in dividend-paying stocks to provide a steady stream of income. Now — the numbers.
This is an established company with proven profits.
Average growth of 15% a year over the last 3 years. Red columns mark years that ended in a loss.
The market pays 10.6× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
The stock trades 28% below its peak. The market has trimmed its expectations for the company.
The net profit margin is 81% — the profit kept from each dollar of revenue is the company’s cushion in hard quarters.
Over the last 4 years, sales grew about 15% a year on average.
It pays out $0.76 per share each year — regular cash for whoever holds the stock.
Since the drop from its peak, buyer appetite hasn’t come back.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.