Buying 9%, 11%, And 15% Secure Dividends At Bargain Prices

The two funds take different strategies to provide high-yield exposure to gold and natural resources.

These days I am somewhat of a gold bug. The massive dumping of stimulus cash into the global economy could lead to currency devaluation, which is very good for the price of gold.

GGN has a current yield of 10.3%, and GLDI yields 12.7%.

I thought I was not familiar with Lumen Technologies (LUMN) and its 10% dividend yield; however, with some digging, I discovered that Lumen is actually a rebrand of CenturyLink.

The recent history of CenturyLink has been extremely troubled.

The dividend was cut by 54% in March 2019, well before we had heard about the coronavirus.

I suggest not being taken in by the new fancy name.

I often refer to the closed-end fund universe as a junkyard. As with any junkyard, you can sometimes find something valuable if you shift through the junk.

The John Hancock Tax-Advantaged Dividend Income Fund (HTDmay be such a nugget.

The fund invests in utility common shares and preferred stock shares.

I suggest further research to determine the level of the tax advantage that applies to your particular situation.

The Invesco Dynamic Energy Exploration & Production ETF (PXE) offers a very contrarian play for future energy production.

The fund owns a portfolio of oil drillers and refiners. Both ends of the carbon-based energy spectrum are significantly out of favor.

PXE currently yields 6.5%.

As I noted, these investments were sent by my very smart Dividend Hunter Insiders subscribers, they’re a special group of Dividend Hunter readers.

1 2
View single page >> |

Disclaimer: The information contained in this article is neither an offer nor a recommendation to buy or sell any security, options on equities, or cryptocurrency. Investors Alley Corp. and its ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Marble 6 months ago Member's comment

Take a closer look at $LUMN... incredible value. Dividend is well covered with a payout ration is in the 30s. Debt is being paid down at a rate of about 1.5-2B/year. Debt is also being refinanced at much better interest rates. Here's a great read: seekingalpha.com/.../4382616-lumen-can-pay-down-debt-easily-to-trade-comps

Adam Reynolds 6 months ago Member's comment

Thanks, but it looks like I have to be a paid subscriber to read the article you linked to.