This Fund Is a Special-Dividend Machine (and It Yields 10.5% Now)

Today we’re going to take a look at an unusual closed-end fund (CEF) that hands us a rich 10.5% dividend that comes our way monthly (and grows!). And it sends regular special dividends our way, too. When you add those “bonus” payouts in, this fund often pays life-changing yields of up to 15%! The fund in question is the PIMCO Dynamic Income Fund (PDI), a dividend titan that should be on any closed-end fund (CEF) investor’s watch list. (In fact, if you’re a subscriber to Contrarian Income Report, a sister to my CEF Insider service , you already know PDI—it recently landed in the CIR portfolio through a merger we’ll discuss a little later.)… Read more