It sounds hard to believe, but sometimes a dividend hike can be dangerous. In fact, when it comes to closed-end funds (CEFs), sometimes the worst thing you can see is a fund with a generous payout, a very high yield and a history of dividend increases.
And today I’m going to show you how this tough-to-spot CEF trap can slash your payouts (and your nest egg). Then we’ll dive into one fund that looks like a healthy dividend grower—but is, in fact, anything but.
A Hidden Danger
Make no mistake: the hazard I’m going to show you now is real.… Read more