There are plenty of great reasons to invest in a closed-end fund, including my No. 1 reason: dividends! With CEFs routinely throwing out yields of 6% and up—often paid monthly—they’re tough to beat in a world where Treasury yields are stuck around 2.4%.
If you’re new to these funds, your timing couldn’t be better. I recently wrote a primer on CEFs that gives you all you need to know.
And today I’m going to show you 16 CEFs with juicy yields all the way up to 11%.
But before we get to that, we’re going to zero in on the one thing that makes the difference between a winning fund with a stable—and growing—dividend and a dangerous dividend trap: management.…