This 10.4% Dividend Ticks Our 2 “Must-Have” Boxes

As folks who are always on the hunt for high-yield investments, we love 8%+ paying closed-end funds (CEFs) . CEFs, of course, are renowned for those high payouts—and the vast majority pay monthly. No “regular” stocks offer such a potent payout combo. Best part is, many CEFs are on sale now: Of the 422 tracked by the CEF Connect screener, 372 currently trade at discounts to net asset value (NAV, or the value of their underlying assets). That’s a great place to start our search for top-notch CEFs because a discount to NAV is basically free money: it lets us pick up, say, red-hot tech stocks like Texas Instruments (TXN), Amazon.com … Read more