The Amazing 10.9% Dividend Left for Dead (time to buy)
June 07, 2018 at 06:00 AM EDT
Today I’m doing something unusual: I’m changing my call on a popular closed-end fund (CEF) . Why? Because this fund has gone on sale, and it’s just too good of a deal to overlook. If history is any guide—and with this fund it almost always is—it’s in for some nice upside very soon. In the meantime, buyers will grab a hefty and safe 10.9% cash dividend! So if you dropped, say, $100k into this fund tomorrow, you’d get nearly 11% of your investment back—in cash—just one year from now (and I should also mention that it pays dividends monthly , too).… Read more
