These 9% Dividends Crush a Dangerous Investing Myth

Stop me if you’ve heard this one: “If you buy a high-yielding investment, your big yield won’t last because they’ll cut dividends.” I hear it a lot, so let’s talk about two funds that haven’t cut distributions in the last decade. In fact, these closed-end funds (CEFs) , yielding 9% and 10%, respectively, have done the opposite , growing payouts and dropping special dividends, too! High-Yield CEF No. 1: A “One-Click” Way to Get a Growing 9% Payout From Tech One of my favorite CEFs comes from the biggest fund manager on earth: BlackRock, with more than $10 trillion of assets under management.… Read more