Santa Claus Rally Ahead? You Bet. Here’s How to Ride It With 11%+ Dividends

It’s that time of the year again. I’m not talking about shopping for the kids, I’m talking about 2024 predictions—especially for our favorite dividend plays: big-yielding closed-end funds (CEFs). It’s a particularly good time to talk about CEFs because the 2022 selloff has left us some pretty sweet deals that are still around … even though 2022 ended more than 11 months ago! Chief among these “held-over” bargains is the 11.7%-paying CEF we’ll get to in a sec. First, when it comes to predictions, we should be clear that these days, the market mood tends to shift around the time the calendar flips.… Read more