This 15% Monthly Dividend Stock Just Increased Its Dividends

Today I wanted to talk about one fund in particular that I think is really fascinating, but has also caused a lot of debate among dividend investors from what I’ve read on various websites. In some ways it looks like a pretty terrifying investment. The performance of its share price over the years has gone down significantly. But when we run the numbers and calculate the total return for this fund over the past year and the past several years, its actually been providing some pretty impressive returns overall that’ve even during certain market conditions has outperformed the S&P 500. This is a stock that I’ve discussed one time on this channel before about 8 months ago, and today I wanted to do a little check in and see how its been performing given the recent news about its dividend increase. Plus I continue to see a lot of people in my video comments talk about this fund.

I first discussed this fund back in a video back in April of this year, and at the time it was trading at $13.13 a share and issuing dividends at a rate of about 16 cents per share. As of the making of this video it’s now trading at $14.04 a share, which is an increase of almost 7% and they just announced a couple weeks ago that the fund was increasing the monthly dividend to 18 cents a share, which gives CLM a current dividend yield of 15.34% according to Yahoo Finance.

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