My Favorite 7 Closed End Funds For Lucrative Dividends
Closed end funds (CEF) are one of my most lucrative investments. CEF's are off-the-beaten path and offer a wellspring of profitable ideas. They are a personal core dividend income component of maintaining a successful monthly dividend cash flow. I'll expand upon seven CEF's which I own and are own my investment radar.
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Eaton Vance Tax-Managed Global (EXG)
Eaton Vance Tax-Managed Global offers a 14.4% dividend yield. The fund is trading at a 15.4% discount to net asset value (NAV). This is one key aspect to investing in a CEF: the investor can buy dollar bills for a fraction. This is because once an CEF has its IPO, the CEF shares are not marketed by a brokerage firm.
The fund does not have a managed payout policy. Eaton Vance, a high-quality CEF manager, oversees operations. The expense ration is a very reasonable 1.06%.
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