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ECAT: 21% Yield On ESG Stocks

ECAT: 21% Yield On ESG Stocks


Published on 2024-12-08 09:41:00 - Seeking Alpha
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  • Explore BlackRock ESG Capital Allocation Term Trust's dividend history, holdings, and performance. Click for our ECAT closed-end fund update.

The article from Seeking Alpha discusses the Eaton Vance Enhanced Equity Income Fund II (EVT), which offers a 21% yield through a strategy focused on ESG (Environmental, Social, and Governance) stocks. EVT employs a covered call strategy on its equity holdings, which includes companies like Microsoft, Apple, and Amazon, to generate additional income. This approach not only aims to provide high income but also aligns with ESG principles, appealing to investors interested in sustainable investing. The fund has shown resilience in maintaining its distribution, with a history of stable or increasing dividends, despite market volatility. However, the article also notes potential risks such as the impact of high yield on total return, the sustainability of the distribution rate, and the performance of the underlying stocks in an ESG-focused portfolio.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4742725-ecat-21-percent-yield-on-esg-stocks ]

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