The average yield among the 25 largest dividend exchange-traded funds is a meager 2.7% right now. That means if you plunked a $1 million on ETFs dedicated to dividend stocks, you’d only make $27,000 every year.
That’s barely higher than the 2018 federal poverty level for a family of four ($25,100)!
But you and I can do better – by double, even triple! I’m talking about turning these lame 2.7% payouts into fat dividends of 7.2% or more.
Serious yield hunters gravitate toward closed-end funds, where it’s common to find distributions of 7.2% or even higher! A retirement income of $72,000, after all, is a lot cushier than scraping by on $27,000 annually.…