This 7.8% Dividend Is Catching a Jolt From the “Cappuccino Effect”

I recently read a couple news pieces that brought what’s happening in the US economy these days into sharp focus. It’s a phenomenon I like to call “Cappuccino Effect.” I’ll admit, it sounds too cute by half. But stick with me as we run through it, because I think it highlights a timely buying opportunity in 7%+ yielding equity closed-end funds (CEFs) whose portfolios are tilted toward consumer names. Let’s start with inflation, which we all know ran hot last year. Some people didn’t expect this, while others thought it would last for a long time. Turns out both were wrong.… Read more