This “Double-Discounted” 11.8% Dividend Has a Big Edge in 2023

There are three big overlooked trends in the stock market now, and by tapping each one, we can set ourselves up for some very nice long-term gains in my favorite high-yield vehicles: closed-end funds (CEFs). The 11.8%-yielding CEF we’ll discuss further on, the BlackRock Innovation & Growth Trust (BIGZ), is a prime example of a CEF with loads of upside potential now. I’ve also got a collection of buys yielding up to 9.6% on average (with many paying dividends monthly) waiting for you in the portfolio of my CEF Insider service . Inside 2023’s “Double Discount” on CEFs CEFs’ high dividends are one reason why we favor these funds.… Read more