Most of my income plays center around U.S. companies, but one other economy is looking especially promising right now. So, I’m going south of the border for our next high-yield opportunity. When the rest of the emerging markets are trying to work through a commodity-related slump, the Mexican economy will grow by 2.7% this year, with GDP expected to clip 3.7% for 2015. Mexico is the second-largest economy in Latin America — and after the Mexican peso crisis in 1994, the country returned to steady growth; from 1996 to 2012, GDP expanded at an average quarter-over-quarter rate of 0.76%.
Mexico Fund ETF (MXF) is a closed-end fund that trades on the New York Stock Exchange and has existed since 1981 with the same management team in place since its inception. The fund holds 29 stocks, all with a phenomenally low cost basis that supports the managed distribution, which is paid out almost entirely from long-term capital gains. At present, the managed annual distribution of $2.86 per share represents a hefty current yield of 10.9%.
Source: Investor Place
Related Articles:
- Don't Touch These 5 Dividend Stocks!
- 7 Dividend Stocks Headed In The Right Direction
- Who Owns The Top Dividend Stocks?
- 6 Big-Name Dividend Stocks Crushing The S&P 500
- 3 Higher-Quality, High-Yield Dividend Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
In this article, we discuss 5 best consumer staples dividend stocks to buy now. If you want to read our detailed analysis of the consumer st...
-
If you've been holding back from investing in your future just because you don't have a lot of extra cash to spare, I've got gre...
-
Dividend stocks cater to investors who want less volatility and stable cash flow. Some dividend stocks offer a combination of respectable yi...
-
I stumbled upon some data a few years back that has altered my investment philosophy. According to data by Ned Davis Research and Hartford F...
-
Following a strong year for the S&P 500 and huge gains for the tech-heavy Nasdaq Composite, it's a lot more difficult to find reason...
-
The company's remarkable consistency and low-risk business model make it a "first-choice investment opportunity," according to...
-
One way to achieve financial freedom is to create passive income, or income that does not depend on your active involvement beyond a certain...
-
If you are here to build a portfolio that thrives in all seasons, consider dividend stocks. They can generate steady returns and provide sta...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.