Recently I have added Cornerstone Strategic Value Fund (CLM) as a substantial part of my long-term holdings. CLM is a dividend distributing security that as far as I can tell is currently undervalued. For fy-2016 they are distributing 0.28 per month per at a price of 14.28 which means they are promising dividend backed growth of nearly 23% annually.
While the distributions will fall next year to 0.22/share, this is still impressive growth and impressive future value. If this trend were to continue these shares are still very undervalued, and I could see up to a $3 increase in value during the next year.
While everything is a risk, and no one can ever be certain I am confident that this is a safe long term position to hold.