With rates on traditional savings accounts near zero, many are flocking to the stock market for yield. While I don’t normally advocate running with the crowd, the fact is, people need income. I recently read an article saying that about 10,000 people turn 65 every day and will continue to do so for the next 18 or so years.
These boomers are understandably worried that they won�t be able to maintain their pre-retirement income levels. Dividend stocks are perceived to be the answer, and a host of advisors have jumped on the bandwagon.� Never mind that the Bush tax cuts will expire at the end of the year, people want cash income and many corporations, flush with cash, are more than happy to oblige. Of course there is an added benefit in that income stocks tend to be less volatile than stocks that don’t pay dividends.
With the help of financial Web site YCharts, Forbes Newsletters has put together a useful free investment report detailing 22 super high-yielding dividend payers. The stocks range from mortgage REITs like American Capital Agency (AGNC)� that pays more than 16% to blue chips like like Eli Lilly (LLY)� and AT&T, (T) paying 5.9% and� 5% respectively.
If you would like to immediately download the pdf of this� investment report click on this link.
As always, before investing, please remember to do your homework. As a general rule, the higher the yield, the higher the risk.
Click for 22 Super High-Yielding Dividend Stocks
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