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This Quiet Move From “the Apple of CEFs” Is Set to Hand Us 10.2% Dividends

One of the market’s smartest contrarian players just made a shocking move—and we dividend investors need to pay attention. The contrarian in question? PIMCO, the company that revolutionized the humble closed-end fund (CEF). If you’re reading this, you’ve likely at least heard of CEFs, which are renowned for big dividend payouts: safe 7%+ yields are the hallmark of these (too) often-overlooked investment vehicles. If you’ve never heard of PIMCO, all you need to know is that the company is to CEFs what Apple (AAPL) is to tech. And PIMCO’s latest move is yet another signal that now is a great time to boost our positions in the 18 buy-rated funds in the CEF Insider portfolio .… Read more
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