Deep Dive: You can capture a dividend above 5% and still enjoy stock-market growth

A 5% yield is difficult to come by these days, even if income is your only objective. But the Gabelli Healthcare and Wellness Trust has a distribution yield above 5% and also pursues long-term growth.

Jeff Jonas, who co-manages the fund, described his investment strategy and spoke about several representative stocks in an interview.

Seeking higher yields

The fund seeks long-term growth while paying a high dividend, which may make it appealing for those without pensions in retirement.

But where do you shop for yield? Yields on 10-year U.S. Treasury notes TMUBMUSD10Y, +0.52% are less than 2.6%.

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