Columbia Dividend Income Fund (CDDYX)
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 $42.09, 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 Columbia Dividend Income Fund dedicates a minimum of 80% of its total assets (inclusive of any capital obtained through borrowing for investment purposes) to a broadly diversified collection of equity instruments designed to generate income, primarily via dividends. While common shares constitute the majority of its holdings, the fund also has the discretion to incorporate preferred stocks and convertible securities. Its primary investment strategy involves seeking out companies believed to be undervalued, though it may also selectively invest in businesses demonstrating strong prospects for sustained long-term growth. The fund maintains the flexibility to invest in companies across the entire market capitalization spectrum.
Columbia Dividend Income Fund is most often compared with the following Financial Services names: