Forbes on Nostr: The Soaring Economy Makes This 8.9% Dividend A Buy ========== Workers in America are ...
The Soaring Economy Makes This 8.9% Dividend A Buy
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Workers in America are doing well with a 3.9% unemployment rate, contradicting the idea of a recession. Blue-collar workers are experiencing increased hiring and demand. Closed-end funds (CEFs) offer large income streams with an average of 8.3% and are currently at an average 6.7% discount to net asset value (NAV). The Calamos Convertible Opportunities and Income Fund (CHI) trades at a 15.9% premium, while the Virtus Equity & Convertible Income Fund (NIE) trades at a 10% discount. NIE has outperformed CHI in terms of total returns. NIE offers an 8.9% dividend yield and strong gains. The strong labor market suggests that stocks will continue to rise.
#Economy #Dividend #Unemployment #Hiring #ClosedendFunds #Stocks
https://www.forbes.com/sites/michaelfoster/2024/06/08/the-soaring-economy-makes-this-89-dividend-a-buy/
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Workers in America are doing well with a 3.9% unemployment rate, contradicting the idea of a recession. Blue-collar workers are experiencing increased hiring and demand. Closed-end funds (CEFs) offer large income streams with an average of 8.3% and are currently at an average 6.7% discount to net asset value (NAV). The Calamos Convertible Opportunities and Income Fund (CHI) trades at a 15.9% premium, while the Virtus Equity & Convertible Income Fund (NIE) trades at a 10% discount. NIE has outperformed CHI in terms of total returns. NIE offers an 8.9% dividend yield and strong gains. The strong labor market suggests that stocks will continue to rise.
#Economy #Dividend #Unemployment #Hiring #ClosedendFunds #Stocks
https://www.forbes.com/sites/michaelfoster/2024/06/08/the-soaring-economy-makes-this-89-dividend-a-buy/