11 Simple Rules for 10%+ Dividends with Safe CEFs
June 26, 2024 at 05:00 AM EDT
If you don’t like these 8%, 9% and even 10%+ dividends, well, you’re not really an income investor. That’s right. As I write, select closed-end funds (CEFs) yield 10.6%. Ten. Point. Six. Per. Cent! We contrarians are locking in yields up to nearly 11%. Here’s how, broken down in an 11-step playbook for these 8%, 9%, even 10.6% yields. CEF Rule #1: Buy the Best Fixed-income behemoth DoubleLine runs some well-known big mutual funds and ETFs as well as smaller, lesser-known CEFs. There’s a raging dividend party in the ignored CEF corner of DoubleLine’s portfolio, with yields up to 10.6% via DoubleLine Income Solutions Fund (DSL) .… Read more