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
-
The current correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in ...
-
There is no doubt that being an income investor in today’s bull market isn’t cool. But then again, it never is. No one likes to focus on div...
-
Recently, this stock has outperformed the US Telecom ETF, IYZ, over the past month and quarter, but it still lags IYZ and the S&P over t...
-
Many investors favor dividend-paying stocks for the recurring streams of income they provide, a benefit that is magnified when those compani...
-
Investors love dividend stocks for a few reasons. First and foremost, that sweet dividend income. After all, investors like when an investme...
-
After a four-month run of steady gains, September brought sudden, sharp, losses across the board. The NASDAQ, which peaked over 12,000 on Se...
-
Today, we’ve pulled up three ‘Perfect 10’ stocks, which are also fine defensive plays, with dividends yielding 5% or higher. At a time when ...
-
This stock has been an up and down ride, which we've held on for, due to the very attractive yield over cost. Management was able to inc...
-
There are a few things that annoy me. One of those things is seeing investors focus on the wrong metrics. Unfortunately, that happens freque...
-
The housing market and real estate stocks have understandably had a grueling 2020. According to the Urban Land Institute survey in May, econ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.