Earlier quoted context omitted.
Stock: https://www.google.com/finance?q=clm http://finance.yahoo.com/news/cornerstone-funds-announce-con... Supposedly has an 18% yield, which is pretty darn good. What's the catch?
I have no idea. From what I've made on the dividend + buying it and selling it, it could go to zero and I'd still have made money on it. Admittedly I bought it without much due diligence. Just wanted something to park my savings in for a while and some stock screener shenanigans led me to it. Robinhood has really made it easy for me to make silly decisions. Oh well, lucked out on this one.
Thanks for the honesty and sharing your tip. :)