This Unloved Dividend Payer Soared 34% (It’s Just Getting Started) – Investing.com
- Date: 18-Oct-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
This Unloved Dividend Payer Soared 34% (It’s Just Getting Started) – Investing.com
Let’s work this market pullback to grab ourselves a sweet 21% “double discount” on our favorite stocks. We’ll also get a dividend from blue chip firms that don’t even pay one!
The key is an off-the-radar closed-end fund (CEF) holding some of the biggest names on the market and trading at a totally undeserved 17% below its true value. And this one pays a rock-steady 3.1% dividend, too—double what the typical stock yields!
Before we put a name and ticker to this fund, let’s talk about the first part of the 21% double discount we’re going to tap today.
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