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Columbia Seligman Premium Technology Growth Fund
STKFinancial ServicesNYSEUS
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Columbia Seligman Premium Technology Growth Fund (STK) offers investors a way to get exposure to AI growth, while collecting a high yield. STK offers a dividend yield of 4.8% but I expect a large year-end supplemental distribution to be issued. A lot of STK's recent growth has come form Bloom Energy (BE). Bloom is aligned for continued growth so STK may not rotate out of this position.
DENVER--(BUSINESS WIRE)--STK Steakhouse, the globally recognized steakhouse concept from The ONE Group Hospitality, Inc. (“The ONE Group” or the “Company”) (Nasdaq: STKS) has officially opened its highly anticipated downtown Phoenix location at 201 E. Washington St., Suite 114, bringing the brand's signature “vibe dining” experience to the center of one of the country's fastest-growing cities. Located steps from the city's sports and entertainment corridor, the new restaurant introduces STK's s.
BOSTON--(BUSINESS WIRE)--Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE: STK) (the Fund) declared a second-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund's initial public offering in November 2009. The first-quarter distribution of $0.4625 per share is equal to a quarterly rate of 0.946% (3.78% annualized) of the F.
Columbia Seligman Premium Technology Growth Fund offers a dynamic tech-income blend, with active management and a current Buy rating for core tech-income portfolios. STK's portfolio is heavily tilted toward semiconductors and equipment, with low SaaS/hyperscaler exposure, reflecting current market demand and pricing strength. The fund's covered call strategy is actively managed (0-90% coverage), balancing income generation and upside capture, and currently covers about 50-60% of the portfolio.
The Columbia Seligman Premium Technology Growth Fund (STK) has outperformed other tech-heavy growth funds, including QQQ, in the recent bull run post-2013. STK offers a higher technology and communications sector weighting (76.91%) than QQQ, with concentrated bets like Bloom Energy driving recent outperformance. As a closed-end fund, STK trades at a -2.89% discount to NAV, yields 4.05% in quarterly distributions, and carries a 1.13% expense ratio.
A $500,000 hybrid portfolio using STK, SCHG, and ETB can generate ~$25,000 in annual dividends while outperforming the S&P 500 since 2017. STK balances growth and income with AI-focused tech exposure and dynamic option writing; SCHG drives growth; and ETB delivers high, tax-efficient monthly income. This approach enables a dividend wheel strategy, allowing reinvestment of income into undervalued opportunities for compounding growth.
I highlight seven closed-end funds, or CEFs, with rising NAVs and increasing distributions over the past 10–15 years, spanning diverse asset classes. These CEFs—PEO, BDJ, BME, CSQ, UTF, STK, and GDV—offer strong total returns, resilient income growth, and trade at attractive discounts to NAV. Funds like STK and CSQ have outperformed the S&P 500 on a 10-year total return basis, while others like BME and UTF have never cut distributions.
BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Columbia Seligman Premium Technology Growth Fund, Inc. (the Fund) (NYSE: STK) today announced that the Fund's 16th Annual Meeting of Stockholders will be held on June 16, 2026 (the Meeting) in Minneapolis, MN. The close of business on April 21, 2026 has been fixed by the Fund's Board as the record date for the determination of Stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof.
