Let’s be honest: despite today’s high interest rates, it’s still an income desert out there.
The 10-year Treasury yields 3.6%. That’s all right—much better than the 1% or so it dribbled out a couple years back. But it’s still not enough to really boost our investment income.
Which is why I’m urging all investors to take a close look at closed-end funds (CEF). You might’ve heard of these income plays. The key takeaway is that they offer much bigger dividends than stocks, ETFs or Treasuries: payouts north of 8% are common with CEFs. (The three we’ll get into below pay up to 10.4%, for example.)
This post originally appeared at Contrarian Outlook.