|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.75 - 22.94|
|52 Week Range||20.50 - 24.97|
|PE Ratio (TTM)||7.51|
|Forward Dividend & Yield||1.32 (5.52%)|
|1y Target Est||N/A|
Ignore the pundits’ petrified bleating over rising interest rates. Sure, the yield on the 10-Year Treasury has spiked to 2.9%, but you’re still not retiring on it!
Let’s discuss 2 closed-end funds with up to 18% upside in the next 12 months, plus yields up to 5.8%. Both are leading a blockbuster trend almost everyone has missed.
As recently as last week, many high quality closed-end funds (CEFs) were being neglected thanks to the headline worry that higher rates would hurt them. That nonsense stopped abruptly when Fed chair Janet Yellen basically slapped a “Buy” rating on the entire sector!
Plenty of investors ask me about monthly dividend stocks—and with good reason. After all, who doesn’t like their dividends rolling in when their bills do?
Thinking of avoiding CEFs now that we’ve got another Fed rate hike in the books? It’s easy to see why, with the “smart money” expecting another hike just three months from now. In all, the market’s calling for three hikes this year, and so is Janet Yellen. But you’ll miss out on some serious income.