Monday, September 20, 2010
How to Get a 6% Yield from Boeing
There are many ways to receive income from non-utility stocks. An example would be Boeing Co. (BA) which pays a 2.6% yield, not real high but better than a CD. But there is another way to invest in Boeing and get a dividend yield of over 6%, an its actually a safer way to invest in the event the company goes out of business, as it will be paid off before the common shareholders.
Boeing has a minibond type investment called CorTS Trust Structured Products Corp. Boeing Company Notes 6.125% Certificates (HYM), which trades on the New York Stock Exchange. This security currently sells at a slight premium to its par value and maturity price of $25.
The annual dividend payout is approximately 1.53 per year, payable semi-annually, giving the stock a yield of over 6%. The stock matures in February of 2033.
Also check out How to Get a 6% Yield from Chesapeake Energy, How to Get a 4.9% Yield from Goldman Sachs, and Lucent Pays a Yield of 13%.
If you want a list of about 20 adjustable rate preferreds, with yields ranging from 1.83% to 8.59%, go to WallStreetNewsNetwork.com.
Disclosure: Author does not own any of the above.