The Best Dividend Stocks With Yields Over 7%

This first dividend stock has an 8.5% yield…

Activist Investors Pumping This Dividend Stock

While not always an officer or director, beneficial owners of 10% or more of a fund or company's shares are considered insiders and have to report additional purchases. Saba Capital is regarded as a beneficial owner of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA), a fixed-income closed-end fund.

Saba now owns 14.5% of the fund.

Saba is an activist in this situation and has every intention of forcing the fund to reduce the discount to the net asset value. Right now, that fund is trading around $10.55 while the NAV is $11.65. Saba is going to do everything he can to collect that $1.10 or so.

If the high yield bond markets keep moving higher, that number is going to go up.

He can't be paid unless his fellow shareholders also get paid.

The dividend on the fund is 8.5% right now, and it's paid monthly.

We can collect an above-average dividend yield and have the opportunity for another 10% or more in gains if a tender offer or liquidation of the fund occurs because of Saba activist efforts.

Now, here's a dividend stock with a slightly higher yield.

A Dividend Stock with Massive Insider Buying

The Co-CEO of Enterprise Product Partners LP (NYSE: EPD) has been buying shares of the MLP he helps run since the pandemic began to disrupt the markets. His latest purchase was made earlier this month when he purchased another $100,837 worth of stock. Since March, he has purchased more than $867,000 shares of stock.

He has not been the only buyer. Several officers and directors have been buying shares of Enterprise Product Partners in recent months. The stock is off 30% this year because of weakness in energy markets. The people running the company seem to think that dramatically undervalues the assets Enterprise Product Partners own.

Enterprise owns 50,000 miles of pipelines, 260 million barrels of storage capacity for natural gas liquids, crude oil, refined products, and petrochemicals. The MLP also owns 14 billion cubic feet of natural gas storage capacity. It is active in every area of the country where oil and gas are produced. It gets a fee on every drop of oil, natural gas, and natural gas liquids that moves through its system.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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