10-14-2014, 10:51 AM
Hey, I just wonder what everyone thinks of having the Nuveen NY Municipal Bond Fund (NRK) as part of a dividend growth investment portfolio? I'm mainly considering it because it pays roughly 5.80% and is tax free. It pays a monthly dividend and has paid since 2003, though it doesn't grow at all and has a P/E ratio of over 30, which is awfully expensive. I right now have my money in another tax free muni fund (Oppenheimer) that seems to be bleeding money, and I'm looking to put it somewhere that's still tax free. Even if it's expensive, I'm happy as long as I think that the fund will still pay that monthly dividend, and do so on a tax free basis.
What does everyone think?
What does everyone think?