Dividends4Life: BlackRock Science And Technology Trust: Tech Monthly Payer, 12% Dividend Growth

Income investors are often faced with the challenge of whether to try and trade in and out of stocks in order to reap capital gains vs. holding higher yielding stocks for income. Of course, in a topsy turvy year like 2020, that conundrum is even more challenging. Some income investors use ETFs, mutual funds or closed-end funds to get a piece of the tech action.

BlackRock Science and Technology Trust (BST) is a CEF which offers you a way to solve the income problem, and still benefit from tech. It currently yields 4.61%, pays monthly, and uses a covered call strategy to enhance its yield, with 31.36% of its assets overwritten by calls, as of 8/31/20. It has a gross expense ratio of 1.08%, with 1010 holdings.

Source: Seeking Alpha

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