Dividends4Life: 12% Dividend Yield, Monthly Payer

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12% Dividend Yield, Monthly Payer

Posted by D4L | Wednesday, January 19, 2022 | | 0 comments »

Is it time to rebalance your portfolio? Do you favor equities or bonds in 2022, or a mix of both? This fund yields 11.91%. It pays monthly and should go ex-dividend next in mid-January. Management uses a mix of fixed income and equity strategies. It's selling for a lower than normal premium.

The Guggenheim Strategic Opportunity Fund (GOF) is a closed-end fund which offers a mix of fixed income and equity strategies. The Fund’s investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund will pursue a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The Fund’s sub-adviser seeks to combine a credit managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies.

Source: Seeking Alpha

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