Dividends4Life: 12% Dividend Yield, Monthly Payer Outperforming

Dividend Growth Stocks News

How's your portfolio handling the ups and downs of this volatile year? Although the Energy is having a banner year so far in 2022, most other sectors are down, as are many asset classes. With the Fed recently embarked upon a new rate-raising regimen, many investors are re-balancing their portfolios, trying to move into assets which will do well in a higher rate environment. This stock yields 11.74%, pays monthly, and should go ex-dividend next in mid-April. Mgt. uses a mix of fixed income and equity strategies.

We began covering the Guggenheim Strategic Opportunities Fund (NYSE:GOF), a closed end fund, a CEF, which offers a mix of fixed income and equity strategies at the start of 2022. While you'd expect fixed income investments to struggle in a rising rate environment, GOF has had a positive return of 4.45% so far in 2022, due mainly to its monthly distributions. While GOF has lagged the 2 bond ETFs listed below, and the S&P 500 over the past year, it has outperformed them over the past month, quarter and so far in 2022. The Fund's investment objective is to maximize total return through a combination of current income and capital appreciation. 

Source: Seeking Alpha

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