RiverSource Dividend Opportunity (INUTX)
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average rating: 2.66 / 3 ratings
DESCRIPTION:

Date updated:12-06-2007

From Yahoo Finance:

“The investment seeks high level of current income with a secondary objective of growth of income and capital. The fund normally invests at least 80% of assets in dividend-paying common and preferred stocks. It may invest up to 25% of assets in foreign investments. The fund may invest in any economic sector and emphasize one or more particular sectors. The management conducts fundamental research on most attractive dividend paying securities.

The fund was featured in the February 5th issue of Barron’s, as one of the top funds for their third favorite mutual fund family of 2006, RiverSource Investments. Barron’s had this to say about the fund:
“Among its 2006 stars was RiverSource Dividend Opportunity (INUTX), which was helped by telecom holdings, including AT&T (T) and BT Group (BT). The $1.6 billion fund, which formerly focused on utilities, seeks a dividend yield that's 150% of the S&P 500's. "Dividends are becoming more important and in-demand broadly by investors," says Warren Spitz, a senior portfolio manager, adding that demand from the aging baby boomers should provide a nice tailwind for dividend stocks.
The fund, whose adjusted return last year was about 23.5%, finished in the top 10% of its Lipper group”


Current Returns:

1-Year: 9.86%
3-Year: 13.78%
5-Year: 14.79%


As of 9/30/07

symbol name last price % change open
  • +
  • T
    At&t Inc.
  • $26.02
  • -0.34%
  • $26.10

No Analysis added

People owning T also tend to own: AAALLAPCBABACCCAT

TheStreet.com Rating: B- What is this?

  • +
  • CVX
    Chevron Corp
  • $76.77
  • -0.74%
  • $76.85

No Analysis added

People owning CVX also tend to own: AAALLAPCBUDCOPDOWGSK

TheStreet.com Rating: B- What is this?

  • +
  • BAC
    Bk Of America Cp
  • $16.09
  • +0.06%
  • $16.03

No Analysis added

People owning BAC also tend to own: AAPLGOOGINTCMSFTRACKCFCASH

TheStreet.com Rating: C- What is this?

  • +
  • C
    Citigroup Inc
  • $4.20
  • -1.41%
  • $4.19

No Analysis added

People owning C also tend to own: ACEBACCBCOPCVXDISGS

TheStreet.com Rating: D What is this?

  • +
  • CG
  • $0.00
  • 0.00%
  • $N/A

No Analysis added

People owning CG also tend to own: ACEBACCCATCOPCVXDD

TheStreet.com Rating: No Rating What is this?

  • +
  • BP
    Bp Plc
  • $57.83
  • -1.36%
  • $57.38

No Analysis added

People owning BP also tend to own: AAPLAPAAUYCCMECOPEMC

TheStreet.com Rating: C+ What is this?

  • +
  • PFE
    Pfizer Inc
  • $18.36
  • +1.38%
  • $18.15

No Analysis added

People owning PFE also tend to own: AAALLAPCBUDCOPCVXDOW

TheStreet.com Rating: C+ What is this?

  • +
  • VZ
    Verizon Commun
  • $30.43
  • -0.29%
  • $30.38

No Analysis added

People owning VZ also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: B- What is this?

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