There are four funds sitting right under investors’ noses throwing off rich 10.6% dividends today. What’s more, these high-yield closed-end funds (CEFs) deliver these rich payouts monthly.
We can thank the recent selloff for this opportunity. It’s weighed on these CEFs’ prices, tweaking their yields higher.
With a 10.6% payout, you can get a yearly dividend stream of $40,000 on just a $378,000 investment. If you went with an index fund like the SPDR S&P 500 ETF Trust (SPY) or Vanguard S&P 500 ETF (VOO), which both yield 1.7% as I write this, you’d have to invest $2.4 million to get the same payout!… Read more