A 13.4% Dividend to Consider as the 10-Year Takes a Breather

Rising rates have sunk bond prices—and sent their yields higher. The upshot? Now is a good time to add high-quality corporate bonds to your portfolio. And if you do so through one closed-end fund (CEF) we’ll name in a second, you’ll be able to do so with a 13.4% dividend that grows. To be honest, bonds have already started to rise, and we’ve been taking advantage in my CEF Insider service . In October, for example, we picked up the Nuveen Core Plus Impact Fund (NPCT), which yields 11.3% today. We’ve grabbed a 6.8% return so far, including one dividend payout of 10 cents a share.… Read more