04-01-2024, 09:13 PM
(03-29-2024, 01:52 PM)kblake Wrote: Funds like QYLD I do own. I don't even care if it trades in a $1 radius. I'm only in for the yield and Monthly income
-21% performance over the past 5 years; I see the allure of monthly income but eroding principal is a bummer.
I'm not in it right now, but I think the best high yielder is OMF. It has a 7.96% yield of qualified dividends, not ordinary dividends, and is up 51% over the past 5 years. Not quite S&P 500 level performance, but the best I've seen for an income stock. They had been raising the dividend every year, but they just had their 5th quarter of paying $1.00/share. On the flipside, sometimes they throw out huge bonuses, like in 2021, when the dividend was $.70/share, but they gave out $3.50/share bonuses twice.