Over 150 High Yielding Tax Free Stocks

These are stocks that pay dividends that are free of federal income taxes. For purposes of this list and most of my other stock lists, I consider a stock to be any security that trades on the New York Stock Exchange or American Stock Exchange that is not a bond, a warrant or an option. That means a stock can include closed end funds [CEFs], which most of the stocks on this list are, REITs, oil royalty income trusts, Canadian royalty trusts, etc. The dividends are tax free because the closed end funds on this list own municipal bonds in their portfolio.

The advantages of owning these types of closed end funds over owning individual municipal bonds directly are greater liquidity, no minimum investment, and greater diversification. In addition, the income from some of these may be exempt from state taxes. Ask your accountant about this and all other tax aspects of these CEFs before investing. A disadvantage is that the CEFs may sell above net asset value.

For an updated list of stocks that pay tax free dividends, go to WallStreetNewsNetwork.com.

Here is a list of over 150 that I’ve come up with. I plan to keep adding to it as I find more. Please note: the dividends from some of these may be partially tax free; please contact the company to verify the tax status of dividends before investing!

Municipal Mortgage & Equity LLC (MMA) 7.3%
BlackRock Florida Municipal Bond Trust (BIE) 5.5%
BlackRock Florida Municipal Income Trust (BBF) 5.5%
BlackRock Municipal Income Trust (BFK) 5.5%
MFS Municipal Income Trust (MFM) 5.5%
Morgan Stanley Municipal Income Opportunities Trust (OIA) 5.5%
American Municipal Income Portfolio Inc. (XAA) 5.4%
BlackRock Municipal 2018 Term Trust (BPK) 5.4%
BlackRock Municipal Bond Trust (BBK) 5.4%
Colonial High Income Municipal Trust (CXE) 5.4%
Colonial Municipal Income Trust (CMU) 5.4%
Dreyfus Strategic Municipal Bond Fund Inc. (DSM) 5.4%
Nuveen Dividend Advantage Municipal Fund (NAD) 5.4%
Nuveen Dividend Advantage Municipal Fund 2 (NXZ) 5.4%
Nuveen Dividend Advantage Municipal Fund 3 (NZF) 5.4%
Nuveen Municipal Advantage Fund Inc. (NMA) 5.4%
Nuveen Municipal High Income Opportunity Fund (NMZ) 5.4%
Blackrock Apex Municipal Fund Inc. (APX) 5.3%
BlackRock Municipal Income Trust II (BLE) 5.3%
Dreyfus Strategic Municipals Inc. (LEO) 5.3%
Morgan Stanley Municipal Income Opportunities Trust III (OIC) 5.3%
BlackRock California Municipal Income Trust (BFZ) 5.2%
BlackRock New York Municipal Bond Trust (BQH) 5.2%
BlackRock New York Municipal Income Trust (BNY) 5.2%
DWS Strategic Municipal Income Trust (KSM) 5.2%
PIMCO California Municipal Income Fund (PCQ) 5.2%
Nuveen Investment Quality Municipal Fund Inc. (NQM) 5.2%
Nuveen Select Quality Municipal Fund Inc. (NQS) 5.2%
Alliance National Municipal Income Fund Inc. (AFB) 5.1%
BlackRock California Municipal Bond Trust (BZA) 5.1%
BlackRock Municipal 2020 Term Trust (BKK) 5.1%
Colonial Investment Grade Municipal Trust (CXH) 5.1%
DWS Municipal Income Trust (KTF) 5.1%
Dreyfus Municipal Income Inc. (DMF) 5.1%
Federated Premier Municipal Income Fund (FMN) 5.1%
Morgan Stanley Municipal Income Opportunities Trust II (OIB) 5.1%
Morgan Stanley Quality Municipal Income Trust (IQI) 5.1%
Nuveen Insured Dividend Advantage Municipal Fund (NVG) 5.1%
Nuveen Municipal Market Opportunity Fund Inc. (NMO) 5.1%
Nuveen Performance Plus Municipal Fund Inc. (NPP) 5.1%
Nuveen Premium Income Municipal Fund 4 Inc. (NPT) 5.1%
ACM Municipal Securities Income Fund Inc. (AMU) 5%
BlackRock New Jersey Municipal Bond Trust (BLJ) 5%
BlackRock New Jersey Municipal Income Trust (BNJ) 5%
Delaware Investments Florida Insured Municipal Income Fund (VFL) 5%
Morgan Stanley Municipal Premium Income Trust (PIA) 5%
Nuveen California Dividend Advantage Municipal Fund 2 (NVX) 5%
Nuveen California Dividend Advantage Municipal Fund 3 (NZH) 5%
Nuveen California Dividend Advantage Municipal Fund (NAC) 5%
Nuveen Insured Municipal Opportunity Fund Inc. (NIO) 5%
Nuveen Premier Insured Municipal Income Fund Inc. (NIF) 5%
Nuveen Quality Income Municipal Fund Inc. (NQU) 5%
Nuveen Texas Quality Income Municipal Fund (NTX) 5%
Alliance California Municipal Income Fund Inc. (AKP) 4.9%
BlackRock California Municipal Income Trust II (BCL) 4.9%
Colonial Insured Municipal Fund Inc. (CFX) 4.9%
Blackrock Muni Intermediate Duration Fund Inc. (MUI) 4.9%
Federated Premier Intermediate Municipal Income Fund (FPT) 4.9%
Eaton Vance Insured Municipal Bond Fund (EIM) 4.9%
Eaton Vance Municipal Income Trust (EVN) 4.9%
Morgan Stanley Insured Municipal Trust (IMT) 4.9%
Morgan Stanley Quality Municipal Investment Trust (IQT) 4.9%
Neuberger Berman Intermediate Municipal Fund Inc. (NBH) 4.9%
Nuveen California Municipal Market Opportunity Fund Inc. (NCO) 4.9%
Nuveen California Select Quality Municipal Fund Inc. (NVC) 4.9%
Nuveen Florida Investment Quality Municipal Fund (NQF) 4.9%
Nuveen Georgia Premium Income Municipal Fund (NPG) 4.9%
Nuveen Insured California Premium Income Municipal Fund Inc. (NPC) 4.9%
Nuveen Insured Florida Premium Income Municipal Fund (NFL) 4.9%
Nuveen Insured New York Dividend Advantage Municipal Fund (NKO) 4.9%
Nuveen Insured Premium Income Municipal Fund 2 (NPX) 4.9%
Nuveen Insured Quality Municipal Fund Inc. (NQI) 4.9%
Nuveen Michigan Dividend Advantage Municipal Fund (NZW) 4.9%
Nuveen New Jersey Dividend Advantage Municipal Fund (NXJ) 4.9%
Nuveen New Jersey Dividend Advantage Municipal Fund 2 (NUJ) 4.9%
Nuveen New York Dividend Advantage Municipal Fund 2 (NXK) 4.9%
Nuveen New York Dividend Advantage Municipal Fund (NAN) 4.9%
Nuveen New York Performance Plus Municipal Fund (NNP) 4.9%
Nuveen New York Select Quality Municipal Fund Inc. (NVN) 4.9%
Nuveen Pennsylvania Dividend Advantage Municipal Fund (NXM) 4.9%
Nuveen Premium Income Municipal Fund Inc. (NPI) 4.9%
Alliance New York Municipal Income Fund Inc. (AYN) 4.8%
BlackRock Insured Municipal Income Trust (BYM) 4.8%
BlackRock New York Municipal Income Trust II (BFY) 4.8%
Eaton Vance Insured California Municipal Bond Fund (EVM) 4.8%
Neuberger Berman California Intermediate Municipal Fund Inc. (NBW) 4.8%
Morgan Stanley California Quality Municipal Securities (IQC) 4.8%
Morgan Stanley Insured Municipal Income Trust (IIM) 4.8%
Neuberger Berman New York Intermediate Municipal Fund Inc. (NBO) 4.8%
Nuveen California Performance Plus Municipal Fund Inc. (NCP) 4.8%
Nuveen California Premium Income Municipal Fund (NCU) 4.8%
Nuveen California Quality Income Municipal Fund (NUC) 4.8%
Nuveen Insured Florida Tax Free Advantage Municipal Fund (NWF) 4.8%
Nuveen Michigan Premium Income Municipal Fund (NMP) 4.8%
Nuveen Michigan Quality Income Municipal Fund Inc. (NUM) 4.8%
Nuveen Ohio Dividend Advantage Municipal Fund 3 (NVJ) 4.8%
Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 (NVY) 4.8%
Nuveen Premium Income Municipal Fund 2 Inc. (NPM) 4.8%
BlackRock California Municipal 2018 Term Trust (BJZ) 4.7%
BlackRock Florida Insured Municipal Income Trust (BAF) 4.7%
BR Long Term Muni Adv (BTA) 4.7%
BlackRock New York Insured Municipal Income Trust (BSE) 4.7%
BlackRock Pennsylvania Strategic Municipal Trust Fund (BPS) 4.7%
Colonial California Insured Municipal Fund Inc. (CCA) 4.7%
Morgan Stanley California Insured Municipal Income Trust (IIC)
4.7%
Eaton Vance Insured Municipal Bond Fund II (EIV) 4.7%
Eaton Vance Insured New York Municipal Bond Fund Inc. (ENX) 4.7%
Eaton Vance Michigan Municipal Income Trust (EMI) 4.7%
Nuveen Arizona Dividend Advantage Municipal Fund 2 (NKR) 4.7%
Nuveen California Investment Quality Municipal Fund Inc. (NQC) 4.7%
Nuveen Florida Quality Income Municipal Fund (NUF) 4.7%
Nuveen Insured New York Premium Income Municipal Fund Inc. (NNF) 4.7%
Nuveen Insured Tax Free Advantage Municipal Fund (NEA) 4.7%
Nuveen Municipal Income Fund Inc. (NMI) 4.7%
Nuveen New York Investment Quality Municipal Fund Inc. (NQN) 4.7%
Nuveen North Carolina Dividend Advantage Municipal Fund (NRB) 4.7%
Nuveen Ohio Dividend Advantage Municipal Fund (NXI) 4.7%
Nuveen Ohio Dividend Advantage Municipal Fund 2 (NBJ) 4.7%
Nuveen Premier Municipal Income Fund Inc. (NPF) 4.7%
BlackRock New York Municipal 2018 Term Trust (BLH) 4.6%
Delaware Investments Colorado Insured Municipal Income Fund (VCF) 4.6%
Eaton Vance Florida Municipal Income Trust (FEV) 4.6%
Western Asset Intermediate Muni Fund Inc. (SBI) 4.6%
Nuveen Arizona Dividend Advantage Municipal Fund (NFZ) 4.6%
Eaton Vance Insured Michigan Municipal Bond Fund (MIW) 4.6%
Eaton Vance New York Municipal Income Trust (EVY) 4.6%
Eaton Vance Pennsylvania Municipal Income Trust (EVP) 4.6%
Nuveen California Municipal Value Fund Inc. (NCA) 4.6%
Nuveen Georgia Dividend Advantage Municipal Fund (NZX) 4.6%
Nuveen Insured California Premium Income Municipal Fund 2 Inc. (NCL) 4.6%
Nuveen Insured California Tax Free Advantage Municipal Fund (NKX) 4.6%
Nuveen Maryland Dividend Advantage Municipal Fund 2 (NZR) 4.6%
Nuveen Massachusetts Dividend Advantage Municipal Fund (NMB) 4.6%
Nuveen Municipal Value Fund Inc. (NUV) 4.6%
Nuveen New Jersey Investment Quality Municipal Fund Inc. (NQJ) 4.6%
Nuveen New Jersey Premium Income Municipal Fund Inc. (NNJ) 4.6%
Nuveen New York Quality Income Municipal Fund (NUN) 4.6%
Nuveen Pennsylvania Investment Quality Municipal Fund Inc. (NQP) 4.6%
Nuveen Pennsylvania Premium Income Municipal Fund 2 (NPY) 4.6%
Nuveen Virginia Dividend Advantage Municipal Fund 2 (NNB) 4.6%
BlackRock California Insured Municipal Income Trust (BCK) 4.5%
Delaware Investments Arizona Municipal Income Fund (VAZ) 4.5%
Delaware Investments Minnesota Municipal Income Fund II (VMM) 4.5%
Eaton Vance Insured California Municipal Bond Fund II (EIA) 4.5%
BlackRock Muni New York Intermediate Duration Fund, Inc. (MNE) 4.5%
Insured Municipal Income Fund Inc. (PIF) 4.5%
Investment Grade Municipal Income Fund Inc. (PPM) 4.5%
MBIA Capital / Claymore Managed Duration Investment Grade Municipal Fund (MZF) 4.5%
Eaton Vance Insured New Jersey Municipal Bond Fund (EMJ) 4.5%
Eaton Vance Insured New York Municipal Bond Fund II (NYH) 4.5%
Eaton Vance Insured Pennsylvania Municipal Bond Fund (EIP) 4.5%
Eaton Vance New Jersey Municipal Income Trust (EVJ) 4.5%
Eaton Vance Ohio Municipal Income Trust (EVO) 4.5%
Nuveen Arizona Dividend Advantage Municipal Fund 3 (NXE) 4.5%
Nuveen Connecticut Dividend Advantage Municipal Fund 2 (NGK) 4.5%
Nuveen Insured New York Tax Free Advantage Municipal Fund (NRK) 4.5%
Nuveen Maryland Dividend Advantage Municipal Fund (NFM) 4.5%
Nuveen Maryland Dividend Advantage Municipal Fund 3 (NWI) 4.5%
Nuveen Ohio Quality Income Municipal Fund Inc. (NUO) 4.5%
Nuveen Select Maturities Municipal Fund (NIM) 4.5%
BlackRock Maryland Municipal Bond Trust (BZM) 4.4%
Eaton Vance California Municipal Income Trust (CEV) 4.4%
Eaton Vance Insured Florida Municipal Bond Fund (EIF) 4.4%
Eaton Vance Insured Massachusetts Municipal Bond Fund (MAB) 4.4%
Eaton Vance Insured Ohio Municipal Bond Fund (EIO) 4.4%
Morgan Stanley Insured Municipal Securities (IMS) 4.4%
Nuveen Arizona Premium Income Municipal Fund Inc. (NAZ) 4.4%
Nuveen Connecticut Dividend Advantage Municipal Fund 3 (NGO) 4.4%
Nuveen Georgia Dividend Advantage Municipal Fund 2 (NKG) 4.4%
Nuveen Georgia Premium Income Municipal Fund (NPG) 4.4%
Nuveen Insured Massachusetts Tax Free Advantage Municipal Fund (NGX) 4.4%
Nuveen Maryland Premium Income Municipal Fund (NMY) 4.4%
Nuveen Massachusetts Premium Income Municipal Fund (NMT) 4.4%
Nuveen New York Municipal Value Fund Inc. (NNY) 4.4%
Nuveen North Carolina Dividend Advantage Municipal Fund 2 (NNO) 4.4%
Nuveen North Carolina Dividend Advantage Municipal Fund 3 (NII) 4.4%
Nuveen North Carolina Premium Income Municipal Fund (NNC) 4.4%
BlackRock Florida Municipal 2020 Term Trust (BFO) 4.3%
BlackRock Virginia Municipal Bond Trust (BHV) 4.3%
Eaton Vance Massachusetts Municipal Income Trust (MMV) 4.3%
Morgan Stanley New York Quality Municipal Securities (IQN) 4.3%
Nuveen Connecticut Dividend Advantage Municipal Fund (NFC) 4.3%
Nuveen Connecticut Premium Income Municipal Fund (NTC) 4.3%
Nuveen Virginia Dividend Advantage Municipal Fund (NGB) 4.3%
Nuveen Virginia Premium Income Municipal Fund (NPV) 4.3%
First American Minnesota Municipal Income Fund II Inc. (MXN) 4.2%
Minnesota Municipal Income Portfolio Inc. (MXA) 4.2%
Morgan Stanley Insured California Municipal Securities (ICS) 4.1%
Nuveen Missouri Premium Income Municipal Fund (NOM) 4.1%