Alpine Dynamic Dividend Fund Offers a Very High Dividend Yield

Alpine Dynamic Dividend Fund (ADVDX), an open-end mutual fund that employs dividend-capture (buy stocks for their dividends and then sell them), to boost its returns pays a regular monthly dividend plus a variable quarterly dividend. For the twelve months ended September 25, 2007, ADVDX has paid $1.76 (.pdf) in dividends for a current dividend yield of over 14 percent.

Currently, ADVDX is near the bottom of its narrow trading range, making it an attractive investment for income investors.

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Posted December 18, 2007.