These Tax-Free 7.7% Dividends Just Grew 30%+ Overnight

Some of our favorite high-yield dividends just did something stunning: They sent their investors’ payouts soaring—in some cases by more than 30% overnight. All of these high-paying dividend growers are municipal bond funds , a corner of the market many folks see as boring—if they know about it at all. I don’t know what’s “boring” about a payout that leaps double-digits in one go—and hands us a 7%+ tax-free dividend, to boot! That’s exactly what’s happened at a slew of “muni” focused closed-end funds (CEFs) in the last month or so. (Municipal bonds are issued by state and local governments to fund infrastructure projects).… Read more