Looking for better yields in the tech industry? Join the club - the tech sector has long been known for its stingy payouts. However, there are two vehicles, both closed-end funds with exposure to the tech sector, which feature very attractive yields. The total yields are 5.64% and 11.56%, offering two of the highest yields for the tech industry. One pays monthly, the other pays quarterly. One is up 24%, the other is up 28% in 2019.
The Columbia Seligman Premium Technology Fund (STK) was launched in late 2009, with a base yield of 8.55%, and pays quarterly. It has total expenses of 1.15%, with no leverage. We added STK to our Hidden Dividend Stocks Plus portfolio in February 2018. Since then, it has delivered a total return of 18.86%, outperforming the S&P 500's 12.84% return. The BlackRock Science & Technology Trust (BST) was launched in Q4 2014. Its base yield is 5.40%, and it pays monthly. It has total expenses of 1.08%, with virtually no leverage, of 0.20%. Its net assets are over twice the size of STK's asset base.
Source: Seeking Alpha
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