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September 01, 2020 1:41pm
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An 8.5% Dividend and 12.7% Payout Walk into a Cantina…

There is another. – Yoda The Jedi Master had last week’s 8.4% dividend in mind, no doubt. David Friar’s Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is an elite 8%+ payer worthy of a discussion. But yes, Yoda, there is another . A rival ETF, also based on “the Qs”—the Nasdaq 100. The Force must be strong with this one— it yields 12.7%. Is this for real? Or a Hollywood fairy-tale? Well, let’s go back to David, QQQX’s manager. His elite 8%+ yield is no joke either. He’s doing something that many of us have dabbled with. He buys tech stocks and sells (“writes”) covered calls on his positions.… Read more
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