- Reuters•2 years ago
If you are hungry for income, it is hard not to salivate over double-digit dividend yields that some closed-end funds offer, when most stocks only pay around 2 percent. Numbers like this do not come from earned dividends but are simply a so-called "return of capital." It is equivalent to handing someone a dollar and that person handing it right back to you and saying it is a dividend. In a world where many retirees are starved for income, chasing dividends has increasingly become a hazard.
|52wk Range||12.12 - 19.44|
|Day's Range||16.70 - 16.74|
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