dividend
confidence high
sentiment neutral
materiality 0.50
Columbia Seligman Premium Tech Growth Fund declares Q4 distribution of $0.4625/share, 9.25% annualized on IPO price
Columbia Seligman Premium Technology Growth Fund, Inc.
- Distribution of $0.4625 per share payable Nov 23 to holders of record Nov 15; ex-div date Nov 12.
- Quarterly rate of 2.3125% (9.25% annualized) on $20 IPO price; 1.2966% (5.19% annualized) on $35.67 market price.
- Estimated breakdown: 28.15% net realized short-term gains ($0.1302), 71.85% long-term gains ($0.3323), 0% return of capital.
- Fund anticipates an additional distribution before year-end to avoid federal excise tax on undistributed income.
- 5-year average annual total NAV return of 26.06% and annualized distribution rate of 5.65% as of Oct 31, 2021.