|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.16 - 22.58|
|52 Week Range||20.50 - 24.97|
|PE Ratio (TTM)||7.30|
|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?