Columbia Dividend Income Fund (CDDRX)
Columbia Dividend Income Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $42.01, up 0.19% on the session, giving a market capitalisation of $48.99B. Its beta of 0.61 implies it has historically moved less than the broad market.
The fund is mandated to commit at least four-fifths of its total capital, encompassing any leveraged funds utilized for investment, to a diverse collection of equity holdings that generate income through dividends. While primarily composed of common stocks, this portfolio may also feature preferred shares and convertible securities. The investment approach largely centers on identifying companies whose shares are considered undervalued, though the fund also has the flexibility to invest in businesses poised for significant long-term growth. Furthermore, it can allocate capital to companies of any market capitalization, from small to large.
Columbia Dividend Income Fund is most often compared with the following Financial Services names: