Author: Brett Owens, Contrarian Outlook

It’ll soon be “game on” for fixed income of all sorts. And that includes one class of stock that has been kicked deep into value territory — giving us a potential one-two punch of high income (6.9% to 9.2% yields) and a violent bounce off the bottom.

2024 is setting up to be a great year for us contrarian dividend investors — but to take full advantage, we need to buy NOW — while fear is still in the air.

It’s trading at a 37% discount to its net asset value, making it arguably the cheapest CEF on the planet!

A number of high-yield bargains are staring us right in the face.

Now is a great time to deploy capital.