Many folks see dividends as just a source of income. But they’re so much more! The two high-yield buys I’ll show you today, for example, are what I like to call “dividend Swiss Army knives.”
(One of these stealth funds pays an unheard-of 9.4% payout today, so you’d be pulling in a cool $9,400 in dividends for every $100K invested–enough to recoup your entire investment in dividends alone in a bit more than 10 years! It doesn’t get much safer than that.)
And yes, I know full well how corny “dividend Swiss Army knife” sounds. But the name works! Because apart from simply paying you a massive income stream, these two funds–closed-end funds (CEFs), to be specific–also:
This article originally appeared at Contrarian Outlook.