Three Closed-End Funds Pay 6%-9% Monthly for 20-Plus Years as EVT Returns 203%

1 articles · Updated · Yahoo Finance · Aug 16

EVT, UTG and RQI have each paid monthly distributions for more than two decades, offering roughly 6.5% to 9% annualized yields in a less-followed corner of the income market.
Those payouts are supported by the closed-end fund structure, which lets managers use modest leverage and distribute realized gains alongside dividends and interest—helping them out-yield typical S&P 500 index funds.
EVT stands out for taxable accounts: its $0.1646 monthly payout yields nearly 8% at a $29 share price, up from $0.1488 in early 2024, with qualified dividend income taxed at long-term capital-gains rates.
Performance is part of the pitch as well, with EVT posting a 32% one-year price return and 203% over a decade before distributions, though its concentrated value holdings and leverage can deepen bear-market losses.