These 7%+ Dividends Are Your Best Play as Rates Get Slashed

Look, rate cuts are only weeks away now—likely starting in September. And there’s one terrific way to tap them: high-yielding municipal bonds! I know most folks think “munis”—issued by state and local governments to fund infrastructure projects—are boring. It is, frankly, a ridiculous opinion. Tell me what’s “boring” about an investment that kicks out a 7.7% tax-free dividend! To be sure, there are a couple quibbles you might have with munis. For one, they’re tough to buy individually. But that’s really not a problem: ETFs offer one way in, but a much better way—and the only road to 7.7%+ dividends—is through closed-end funds (CEFs) like the three we’ll break down in just a second.… Read more