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As we’ve often noted in our recent articles, high or even moderate dividend yields are hard to come by in the tech sector. Indeed, the top three performing sectors so far in 2020, tech, consumer discretionary, and communications services, have low dividend yields of .97%, .64%, and 1.09%, respectively.
Income investors are often faced with the challenge of whether to try and trade in and out of stocks in order to reap capital gains vs. holding higher yielding stocks for income. Of course, in a topsy turvy year like 2020, that conundrum is even more challenging.
Some income investors use ETFs, mutual funds or closed-end funds to get a piece of the tech action.
BlackRock Science and Technology Trust (BST) is a CEF which offers you a way to solve the income problem, and still benefit from tech.
It currently yields 4.61%, pays monthly, and uses a covered call strategy
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- Short-form-video app Triller, a TikTok rival, touted massive user growth last year that some former employees believe was inflated.
- When Triller announced a fundraise in October 2019, it said it had grown 500% organically year over year to 13 million monthly active users.
- Six former Triller employees said 13 million MAUs was more than five times what they were seeing on some internal metrics. One provided a screenshot that showed closer to 2 million MAUs.
- In August, Triller threatened to sue a third-party app analytics company, Apptopia, for providing estimates of Triller’s app downloads that contradicted the company’s publicly reported numbers.
- Triller CEO Mike Lu said the former employees were “disseminating inaccurate information” to Business Insider. “We can validate each and every one of our 239M plus [users].”
- Visit Business Insider’s homepage for more stories.
If you read the trail of statements made by Triller in recent weeks, the short-form-video