Discover the Charm of Slow and Steady Investments with Maverick’s Top Pick

Hey there, it’s Dennis Moore, your go-to investment strategist at Maverick Income Dispatch. We have a little mantra around here: slow and steady wins the race, especially when it comes to your investments.

Why slow? Because we like our share prices predictable. Why steady? Because we love consistently high yields. That’s how we roll, aiming for a cushy retirement with dividends that keep on giving.

Today, I’m here to clear the air about some misleading info floating around about one of our favorite funds. You know, the kind that makes other investing sites quake in their boots. They say this fund’s 8.4% dividend is too good to be true. Well, they’re wrong, and here’s why.

The Cohen & Steers Infrastructure Fund (UTF): Your Retirement Game-Changer

UTF isn’t just any fund; it’s my go-to when I see utilities about to make a move. Why? Because it delivers a stellar 8.4% dividend that we’re always chatting up. Managed by the savvy Benjamin Morton, this fund is packed with 229 top-notch infrastructure and utility stocks, like the ever-reliable American Tower Corporation, and high-flyers like NextEra Energy.

Ben’s got a clear mission: fund that juicy 8.4% dividend with a mix of solid payouts and savvy market plays, serving up 15.5 cents monthly. It’s a strategy that’s served us well, not once but twice, with returns of 95% and 19% in our Maverick Income Dispatch portfolio.

The Truth About Payout Ratios

Let’s talk about American Tower Corporation (AMT). You might see some sites claiming its payout ratio is sky-high—over 200%! If that were true, it’d be a red flag, since paying out double what you earn isn’t exactly sustainable. But here’s the scoop: AMT is actually rocking a payout ratio of 71%, which is fantastic for a REIT like them. They own and lease space on cell towers, and the more tenants they have, the better their returns.

Why Maverick Observations Beats the Rest

We don’t just take what the internet says at face value. Nope, we dive into the investor reports, we crunch the numbers ourselves, and we make sure we’re giving you the real deal. That’s why when everyone else is running scared from a fund like UTF because of some dodgy data, we’re doubling down and telling you why it’s a smart buy.

So, while the market’s been a bit jittery, pushing utility stocks down (which generally happens when interest rates rise), we see a golden opportunity. UTF’s price looks set to become an even better bargain, especially if you’re looking to lock in that 8.4% dividend.

Thanks for tuning into my weekly talk on dividends. And remember, as a premium member of MID, you get the full scoop on all our picks and strategies in the Member Area of our website.

Happy investing, and here’s to building that dividend-packed retirement!