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Buy Infrastructure Stocks For Their Big Dividends: (CSUAX)

TedTed
in Fund Discussions
FYI: With their defensive characteristics and strong free cash flows, infrastructure companies are worth a look for income investors—especially if we are in the later stages of an economic cycle.

Dividend growth for many infrastructure companies is “supported by businesses that have very predictable cash flows,” Ben Morton of Cohen & Steers (ticker: CNS) tells Barron’s. “These businesses tend to be regulated or concession-based.” An example of the latter is a toll road.

Morton, head of global infrastructure at Cohen & Steers, is a portfolio manager of the Cohen & Steers Infrastructure Fund (CSUAX). The fund’s top holdings recently included freight-railroad operator Norfolk Southern (NSC), cellular tower company American Tower (AMT), and utility American Water Works (AWK).
Regards,
Ted
https://www.barrons.com/articles/infrastructure-stocks-dividends-income-investing-railroad-utility-cellular-tower-51559767985?refsec=income-investing

Comments

  • Old_Skeet
    edited June 2019
    Old_Skeet's infrastructure fund is PGUAX. I have owned this fund for better than five years. PGUAX pays a quarterly dividend (and has the higher yield) where CSUAX pays semiannually. Both funds carry four stars from M* with PGUAX having, overall, the better returns.
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