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September 01, 2020 1:26pm
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My Favorite September Buy: An Impossibly Cheap 8.5% Dividend

I wouldn’t freak out now. In fact, I’d use this market swoon to go shopping—and pick up dividends for dimes on the dollar. My favorite idea today is an 8.5% yield that— amazingly —trades at a 28% discount to its NAV (net asset value). That’s a dollar for 72 measly cents! I’ll share the specifics in a minute. First, let’s calm down . The time to sell was five short weeks ago, when we discussed the likelihood that another short-term top was in : I’m talking about the dividend dogs that, if we’re being honest, are not deserving of long-term positions in our retirement portfolios. … Read more
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