Columbia Seligman Premium Technology Growth Fund Announces a Second Quarter Distribution: 9.25% Annual Rate for IPO Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
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Source: Newsfilter
Distribution Announcement: Columbia Seligman Premium Technology Growth Fund declared a second-quarter distribution of $0.4625 per share, reflecting a quarterly rate of 2.3125% based on its initial offering price and 1.6697% based on its market price as of April 30, 2025. The payment will be made on May 27, 2025, to stockholders of record on May 19, 2025.
Fund Performance Insights: The fund's average annual total return over the past five years is 18.94%, with an annualized distribution rate of 9.43%. It has also distributed more than its income in certain years, leading to returns of capital, which should not be confused with yield or income.
Analyst Views on STK
Wall Street analysts forecast STK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About STK
Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to seek growth in capital and current income. Its investment program consists primarily of investing in a portfolio of equity securities of technology and technology-related companies and writing call options on the National Association of Securities Dealers Automated Quotations (NASDAQ) 100 Index or its exchange-traded fund equivalent (the NASDAQ 100) on a month-to-month basis. The Fund may also buy or write other call and put options on securities, indices, exchange-traded funds (ETFs) and market baskets of securities. The Fund may hold foreign securities of issuers located or doing substantial business in emerging markets. It invests in various sectors, such as communication services, health care, biotechnology, industrials, and information technology. Columbia Management Investment Advisers, LLC is the investment manager of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
