This 11% Dividend Silences The Naysayers, Grows 150%+

This 11% Dividend Silences The Naysayers, Grows 150%+

Human crowd surrounding three people on white background. Horizontal composition with copy space. ... [+] Clipping path is included. Standing out from the crowd concept. Ignore the overtorqued headlines about inflation: even though prices are rising, they won't take out the economy. In fact, rising inflation is setting us up with a contrarian opportunity to grab double-digit dividends in a corner of the market everyone's written off. That would be consumer-discretionary stocks, which you'd think would be the main victims of inflation, but that's far from the case, for reasons we'll get into shortly. We'll also delve into one smartly run consumer-focused closed-end fund (CEF) yielding an outsized 11% below. But first we have to talk strategy, because while there are opportunities for us, this twitchy market also includes some traps we need to watch for. One involves oil, whose surge is nicely captured by the oil stock–heavy Energy Select Sector SPDR ETF (XLE). Sure, soaring oil prices are great for the likes of ExxonMobil (XOM), Chevron (CVX) and EOG Resources (EOG), and oil's run could very well continue for a long time. But we do need to be aware of history here. For example, if you bought energy stocks