News STK

Here is some news about STK:

1. **Dividend Announcement**: Columbia Seligman Premium Technology Growth Fund (STK) declared a quarterly dividend of $0.4625 per share, payable on August 27, 2024, representing an annualized dividend of $1.85 and a dividend yield of 5.91%. This dividend is in line with the fund's managed distribution policy, which aims to provide regular income to shareholders.
2. **Performance and Distributions**: STK has a history of distributing dividends, with a first-quarter distribution of $0.4625 per share announced on February 7, 2025, reflecting an annualized rate of 9.25% based on its initial public offering price. The fourth-quarter distribution was also $0.4625 per share, with an annualized rate of 9.25% for IPO investors and 5.65% based on the current market price.
3. **Market Position and Strategy**: STK is a closed-end equity mutual fund that invests in public equity markets, focusing on technology growth companies. Its strategy includes a mix of value and growth investments, with a lower price-to-earnings ratio compared to other tech-focused funds. The fund has a managed distribution policy that allows for periodic long-term capital gains distributions, which may not necessarily indicate investment performance.

In conclusion, STK is a tech-focused closed-end fund that offers regular dividends, with a strong track record of distributing income to shareholders. Its unique investment strategy and focus on technology growth companies make it an attractive option for investors seeking a mix of income and potential capital appreciation.