Nuveen Preferred & Income Opportunities Fund (JPC) Stock

Meticulous planning helps when you face unexpected problems. A well diversified income portfolio provides through good and bad markets. We discuss our top picks with +10% yields to cruise through what life throws at you.

Typically, retirement income-seeking portfolios are about accessing high and defensive yields that are also subject to decent growth. There could be justified instances when income growth becomes less important and instead access to abnormal yields plays an even more critical role. In this article, I present two high dividend picks, which could be included in retirement portfolios with an intent to boost the current income streams without assuming excessive risks.

The Nuveen Preferred & Income Opportunities Fund offers a high 9.77% distribution, leveraging up to 38%, but trades at only a 3% discount to NAV. JPC's portfolio includes investment-grade securities and CoCos, with significant exposure to financials, posing risks during financial crises. The distribution increase has improved trading, but may not be sustainable without selling securities, potentially decreasing value per share over time.

Nuveen Preferred & Income Opportunities Fund provides exposure to preferred stocks and various forms of income oriented securities. Fund offers monthly dividend of $0.0665 per share with current yield over 10%. However, the sustainability of the distribution is questionable. JPC's recent price increase has made the discount to NAV opportunity less attractive for entry.

Planning for the future requires flexibility to adapt to unexpected events. A diversified portfolio of dividend payers can support your retirement through market fluctuations. We discuss our top income picks with growing payouts.

Fixed income exposure and a massive hike? Heck yes! Interest rates don't need to be an albatross around your portfolio. Fixed income is a fantastic opportunity-filled sector.

Corporate America is actively engaging in deals, with older preferred stocks being redeemed in large amounts. In response, reliable companies are issuing new preferred stocks with high yields to compensate for the higher interest rates. Take advantage of this opportunity to earn an 8% yield while the market is favorable.

Nuveen Preferred & Income Opportunities Fund is a closed-end fund that actively manages securities below junior debt but above equity. JPC uses external leverage to increase yield, with leverage making up around 38% of total assets. The fund's portfolio is diversified and focuses on investment-grade securities to reduce risk.

I love buying out-of-favor income, so I get big gains when it's in favor again. Fixed income has been beaten down relentlessly by rate hikes and inflation. Today, you can unlock massive income from this sector to enjoy for decades to come.