Monthly Dividend Stocks #4: Alpine Global Dynamic Dividend Fund (AGD)
AGD Dividend Yield: 8.23%
Our last dividend stock is Alpine Global Dynamic Dividend Fund (AGD). I like AGD because more than 50% of its dividends are tax-exempt, it invests across all market caps, it covers both growth and value, and it does so globally. The CIO, Stephen Lieber, has a whopping 62 years of industry experience. AGD also is a relatively focused fund.
If you’re wondering how strong this strategy is, the fund pays nearly 8% in annual yield. Name one mutual fund that is dividend-driven with this kind of return.
As of this writing, Lawrence Meyers did not hold a position in any of the aforementioned securities. He is president of PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at email@example.com and follow his tweets @ichabodscranium.