NYSE:GOF - New York Stock Exchange, Inc. - US40167F1012 - Currency: USD
This closed-end fund's net asset value continues to decline, making its distribution appear increasingly untenable. Whirlpool faces significant near-term pressure, and a dividend cut would help ease that. UPS' free cash flow may not cover its dividend in 2025, and there are more effective uses for its cash flow, such as investing in its growth initiatives.
These two high-yielding stocks have considerable risk around their current dividend payouts.
Mentions: MMM
The 17.9% yield of the Guggenheim Strategic Opportunities Fund (NYSE: GOF) is enticing, and as you will see shortly, this fund has an excellent record of distributions to investors. Like many other closed-end funds, it uses debt and leverage to generate higher returns. Digging into the fund's prospectus, strategy, and holdings, it says it aims to "maximize total return through a combination of current income and capital appreciation" by "investing in a wide range of fixed income and other debt and senior equity securities."
Many dream of retiring early, but making it a reality requires careful planning, especially when you want to rely on investment income.
Guggenheim Strategic Opportunities Fund (GOF) declares $0.1821/share monthly dividend, in line with previous. Forward yield 16.38% Payable Dec. 29; for sharehol