3 High-Yield Dividend Stocks That Pay 10% Or More

The closed-end fund is trading at a 10% discount to the value of its assets. That is well above the historical average discount, so the fund is on sale at the current price. The yield is 9.4%, and it is paid monthly.

It Pays to Own Gold Right Now

Dividend Yield: 10%

GAMCO Global Gold Natural Resources And Income Trust (NYSE: GGN) is a unique fund offered by Gabelli Asset Management.

The fund has to invest at least 80% of its assets in equity securities of companies principally engaged in the gold industry and natural resources industries. Right now, more than 50% of the fund's assets are in gold and other precious metals companies. Gold has been rising sharply amid all the turmoil caused by the pandemic.

The dollar has been falling and is likely to continue falling as our national response to the coronavirus has the rest of the world losing faith in the United States. Some economists think that the dollar could fall by as much as 35% against our major trading partners' currency.

When the dollar falls, gold rises.

The fund sells options against the positions in the fund to create an income stream. Between the dividends from the stocks the fund owns and options premiums collected, the Global Gold Natural Resources and Income Fund is paying out roughly 10% right now.

Shares of the fund are trading at a 12% discount to the fund's net asset value. That's more than five times the historical average. In addition to benefitting from the rise in gold prices and collecting a great income, owners of the fund could also benefit from the discount narrowing back to normal levels.

Our Best High-Dividend Stock Pays a Monster 14%

Dividend Yield: 14%

RiverNorth Opportunities Fund Inc. (NYSE: RIV) is another small high-yielding closed-end fund. This fund invests in other high-yielding funds trading at a discount to net asset value. The fund can also invest in exchange-traded funds to gain exposure to asset classes the fund's manager thinks are attractive. The managers have also allocated some capital to the red-hot special purpose acquisition company (SPAC) marketplace to boost total returns opportunities for the fund.

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Disclosure: None.

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