Update Corporate High Yield Fund, Inc.
Posted on March 1, 2006 , filed under Stocks | Print This Post
On December 19th, 2005, I wrote this post about COY, Corporate High Yield Fund, Inc. At the time, the stock was trading around $7.50 and paying a .0062 monthly dividend, equivalent to 9.8% annually, I predicted that the stock would rebound to above $8 within 1-3 months. COY closed at $8 on February 22nd, 2006. Today the stock closed at $8.11. COY is among several high dividend closed-end bond funds that I watch. I did not take a position in COY.
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