There are three funds hiding in plain sight that do something everyone thinks is impossible: pay huge dividends —with yields up to 7.2%— and deliver outsized 24%+ total returns, too. I know I don’t have to tell you what an inflation-fighting weapon a return like that would be these days. These are no less than the world’s three best-performing closed-end funds (CEFs) over the long term, and today we’re going to rank them from third to first to see if any (or all!) of them have a place in our investment portfolios. “World’s Best” CEF #3: 24% Annual Returns for Years and Years The least impressive CEF on the list, the Columbia Seligman Premium Technology Growth Fund (STK), has “only” a 23.7% annualized return, based on its market price, over the last five years, with a dividend that’s held steady throughout that time (and yields 5.1% today).… Read more