NEW YORK ( TheStreet Ratings) - On Thursday Invesco declared the monthly dividends that will be paid for 32 of their closed-end funds. These dividends have an ex-date of 9/13, record date of 9/15, and payable date of 9/30, offer compelling choices for investors searching for dividend yield. The dividends for later months are not guaranteed. However, month-end dividend yields of 8.99% from Invesco High Yield Investments Fund ( MSY), 8.66% from Invesco Van Kampen High Income Trust II ( VLT), 7.91% from Invesco Van Kampen Dynamic Credit Opportunities Fund ( VTA), 7.67% from Invesco Van Kampen Municipal Opportunity Trust ( VMO), and 7.60% from Van Kampen Select Sector Municipal Trust ( VKL) stand out from the pack. These securities are not exchange-traded funds which tend to trade at prices close to their net asset value. When buying a closed-end fund, be sure to check the level of premium or discount to net asset value. Paying a premium can cut down your overall return while buying closed-end funds at a discount can add to your return as trading prices revert to net asset value over time.
-- Reported by Kevin Baker in Jupiter, Fla. For additional Investment Research check out our Ratings Research Center.