Here's Where We're Finding Cheap Dividends While Everyone Chases AI

The piece argues that while AI has driven much of the market’s recent gains, contrarian income investors should look beyond tech to overlooked, high-yield funds tied to resilient consumer spending. The author highlights the Eaton Vance Tax‑Managed Buy‑Write Opportunities Fund (ETV) as an 8.1%‑yielding closed‑end fund whose portfolio—including consumer names like Home Depot, Apple, Amazon and others—stands to benefit from a home‑renovation boom and steady consumer demand. ETV has outperformed the consumer ETF on NAV, trades at a wide (~8%) discount to NAV despite recent market‑price outperformance, and uses a covered‑call strategy that supports its monthly payout. The article is bullish on the CEF space and expects discount compression and market re‑rating to drive further upside.