If your dividend portfolio is like that of most investors I know, you’re probably getting paid quarterly. That’s too slow, especially for dividend payments that are most likely too low.
Why not up that frequency to a monthly payout, and increase the total yield while we’re at it?
The secret to monthly payouts that add up to 9.1%, 9.4% and even 10.8% yields per year is a simple three-letter acronym: C-E-F.
For whatever reason, closed-end funds (CEFs) don’t have nearly the following that popular dividend-paying stocks boast. This “secret” is one of the last great efficiencies in an otherwise tough-to-beat market.… Read more