Recession? No Recession? This 8.2% Dividend Doesn’t Care

The recession everyone’s been worrying about is still a mirage—and there’s a good chance it won’t become reality for a long time yet. That’s given us a nice momentum play in one closed-end fund (CEF) throwing off an outsized 8.2% dividend. Here’s what I mean by “momentum” play: the stock market is only now waking up to the fact that the recession appears to be on ice for the foreseeable. Yet at the same time, those recession fears have left us with some terrific discounts in CEFs. These “delayed reaction” buys—including the ticker we’ll discuss below—won’t last. I say that because the signs are all there for continued market gains—even if the media is working overtime to tell us otherwise.… Read more