Top Yielding Dividend Aristocrats

 

Dividend Aristocrats are a group of 65 S&P 500 stocks that have increased their dividends annually for at least 25 consecutive years. They are considered to be some of the most reliable dividend-paying stocks on the market.

The Dividend Aristocrats index is maintained by S&P Dow Jones Indices. To qualify for the index, a stock must meet the following criteria:

• It must be a member of the S&P 500 index.
• It must have increased its dividend for at least 25 consecutive years.
• It must have a market capitalization of at least $3 billion.

The Dividend Aristocrats index is a popular investment among investors who are looking for income and growth. The stocks in the index have a long track record of dividend growth, and they are typically well-established companies with strong financials.

Here are some of the top Dividend Aristocrats in 2023, ranked by their forward dividend yield:

• Realty Income (O): 5.0%
• IBM (IBM): 5.0%
• AbbVie (ABBV): 4.4%
• Coca-Cola (KO): 3.0%
• Johnson & Johnson (JNJ): 3.0%
• Procter & Gamble (PG): 2.5%
• Pepsico (PEP): 2.7%

These stocks are all paying a high dividend yield, and they have a long track record of dividend growth. They are a good option for investors who are looking for income and growth.

Here are some of the benefits of investing in Dividend Aristocrats:

• Income: Dividend Aristocrats are a good source of income for investors. They typically pay a high dividend yield, and they have a long track record of dividend growth.
• Growth: Dividend Aristocrats can also provide growth potential for investors. Many of the companies in the index are well-established and have strong financials. This means that they are likely to continue to grow their businesses and their dividends over time.
• Safety: Dividend Aristocrats are considered to be relatively safe investments. They are typically large, well-established companies with a long track record of profitability. This means that they are less likely to go bankrupt or cut their dividends than smaller, more volatile companies.

If you are looking for an investment that can provide you with income and growth, then Dividend Aristocrats may be a good option for you. They are a relatively safe investment that has the potential to provide you with a steady stream of income over the long term.

Disclosure: The author owns PEP.

The Latest Dividend Boosters

The stock market is rising and more and more companies are raising their dividends. Unemployment is down, and it appears that the economy is improving. When a stock raises its dividend, it is always a good sign. Here are some that have boosted their dividends recently.

CMS Energy increased the quarterly dividend on the company's common stock by 6 percent

Parker Hannifin Corporation (PH) increased its quarterly dividend by 5%

GATX Corporation (GMT) increased its dividend by 3.3%

NGL Energy Partners (NGL) has bumped up its dividend by about 2%

Old National Bancorp (ONB) declared an increase in its quarterly common stock dividend of 11.1%

First Horizon National Corp. (FHN) announced Wednesday a quarterly dividend increase to 5 cents from 1 cent per share

Harleysville Savings Financial Corp. raised its dividend by more than 10%

Realty Income Corporation (O) declared a 19.2% increase in the company’s common stock monthly cash dividend

Wells Fargo & Company (WFC) raised up its quarterly common stock dividend by 14%

If you like stock lists like this, such as a list of stocks going ex-dividend, beer stocks, candy stocks, or coffee stocks, go to WallStreetNewsNetwork.com.

End of the Year Dividend Boosters

Companies are continuing to provide holiday presents by increasing their dividends. Check out this list of dividend raisers.

Dominion Resources Inc. (D) increased its quarterly dividend 6.6%

The Boeing Company (BA) increased its quarterly dividend 10%

Edison International (EIX) increased its quarterly dividend 3.8%

Tyco (TYC) Plans 7% Dividend Increase

KBR (KBR) raised its dividend by an incredible 60%

Realty Income (O) raised its monthly dividend by 2%

Rent-a-Center (RCII) raised its quarterly dividend by 31%

General Electric Company (GE) increased its quarterly dividend by 12%

Nu Skin Enterprises Inc. (NUS) increased its quarterly dividend 50%

AXIS Capital Holdings Limited (AXS) increased its quarterly dividend 4%

If you like stock lists like this, such as a list of stocks going ex-dividend, beer stocks, candy stocks, or coffee stocks, go to WallStreetNewsNetwork.com.

Stock Dividend Raisers Keep Rolling In

Companies are continuing to provide holiday presents by increasing their dividends. Check out this list of dividend raisers.

Tyco (TYC) Plans 7% Dividend Increase

KBR (KBR) raised its dividend by an incredible 60%

Realty Income (O) raised its monthly dividend by 2%

Rent-a-Center (RCII) raised its quarterly dividend by 31%

General Electric Company (GE) increased it's quarterly dividend by 12%

If you like stock lists like this, such as a list of stocks going ex-dividend, beer stocks, candy stocks, or coffee stocks, go to WallStreetNewsNetwork.com.

One Letter Companies: Domain Names and Stock Ticker Symbols

Do you realize that there are only six one letter domains that are owned by companies, and five of the five companies are publicly traded?

These companies were lucky enough to register them before December 1, 1993 (or buy them from someone who registered them by that date), as the Internet Assigned Numbers Authority put a restriction on single character domains at that time.

o.co and o.info are both owned by Overstock.com (OSTK).

q.com is owned by CenturyLink (CTL). If you go to q.com, it takes you right to CenturyLink's web site.

x.com is owned by x.commerce, which is owned by eBay (EBAY). When you go to the x.com website, it takes you to the x.commerce website.

z.com is owned by Nissan North America Inc., which is owned by Nissan Motor (NSANY), which trades on NASDAQ. However, the website is currently inactive.

i.net is owned by Future Media Architects, a privately held company.

u.tv is owned by UTV Media (UTV.L), a broadcasting and New Media company based in Belfast in Northern Ireland. The company trades on the London Stock Exchange.

Want to know all the companies that have one letter stock ticker symbols? Here they are:

Agilent Technologies Inc. (A)

Barnes Group Inc. (B)

Citigroup, Inc. (C) formerly the symbol for Chrysler

Dominion Resources, Inc. (D)

Eni SpA (E)

Ford Motor Co. (F)

Genpact Ltd. (G) formerly the symbol for Gillette

Hyatt Hotels (H)

Kellogg Company (K)

Loews Corporation (L)

Macy's, Inc. (M)

NetSuite, Inc. (N)

Realty Income Corp. (O)

Pandora Media (P)

Ryder System, Inc. (R)

Sprint Nextel Corp. (S) formerly the symbol for Sears Roebuck

AT&T, Inc. (T)

Visa, Inc. (V)

United States Steel Corp. (X)

Alleghany Corp. (Y)

Zillow (Z) formerly the symbol for Woolworth, now known as Foot Locker (FL)

Before US Airways Group was delisted, it used to have the stock symbol U.

Stockerblog.com

How to Beat CD Yields and Get Income Monthly

The average one-year yield for a bank certificate of deposit is currently 0.34%. Even if you tie up your funds in a five-year CD, the average yield is still only 1.15%. So what is an income investor to do? One very popular alternative is the closed end bond fund. One of the best features of this type of investment is the fact that many of them pay dividends monthly. Another monthly dividend alternative is the real estate investment trust.

Monthly dividend investments can return your capital faster, and can provide faster compounding. The monthly payments can also reduce volatility. Fortunately, there are over 150 different stocks that pay dividends monthly. Actually, even though these investments are often referred to as stocks, they are technically closed end bond funds, real estate investment trusts, oil income trusts, and closed end income stock funds, which pay dividends every month.

These monthly dividend investments can be found at WallStreetNewsNetwork.com, which lists almost 200 different companies that pay dividends monthly, over 50 of which have high yields in excess of 7%.

One example is The MFS Multimarket Income Trust (MMT) pays a yield of 7.1%. It invests in fixed in fixed income investments throughout the world. The stock trades at a 0.8% discount to net asset value. The company, which has been around since 1987, has a management fee of 0.82%.

Gas Natural Inc. (EGAS), previously called Energy, Inc., It is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 4.9% and sports a price to earnings ratio of 14.1.

The Advent Claymore Convertible Securities & Income Fund (AVK) sports a yield of 6.6%, sells at about a 11.4% discount to net asset value, and carries a 0.92% management fee. This closed end fund, founded in 2003, invests approximately 60% of its portfolio in convertible securities and 40% in lower-grade non-convertible income securities.

LMP Real Estate Income Fund Inc. (RIT) is a way of investing in real estate and receive monthly income. It is an exchange traded fund that invests in real estate related companies including real estate investment trusts. It carries a yield of 7.9%, and has paid dividends since 2002. It is trading at a 14.9% discount to net asset value. The management fee is 1.2%.

Pengrowth Energy Trust (PGH) is a Canadian oil royalty income trust that yields 7.5%. The company was founded in 1988. The company explores, develops, and produces oil and natural gas reserves in western Canada.

Realty Income Corp. (O), one of the few stocks with a single letter stock ticker symbol, yields 5.1%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 18.2 times forward earnings.

When looking for monthly dividend investments investors should avoid investments with high management fees, limited liquidity, ones that trade at a premium to net asset value, and the ones using excessive leverage. The municipal bond closed end funds may trigger the Alternative Minimum Tax; check with your accountant about this possibility.

A list of over a couple hundred monthly dividend stocks, including many that have yields of 6% or more, is available at WallStreetNewsNetwork.com. Keep in mind that very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Monthly Dividends Can Reduce Volatility and Increase Compounding

Monthly dividend investments can return your capital faster, and can provide faster compounding. The monthly payments can also reduce volatility. Fortunately, there are over 150 different stocks that pay dividends monthly. Actually, even though these investments are often referred to as stocks, they are technically closed end bond funds, real estate investment trusts, oil income trusts, and closed end income stock funds, which pay dividends every month.

These monthly dividend investments can be found at WallStreetNewsNetwork.com, which lists almost 200 different companies that pay dividends monthly, over 60 of which have high yields in excess of 7%.

One example is Gas Natural Inc. (EGAS), previously called Energy, Inc., It is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 4.9% and sports a price to earnings ratio of 13.5.

The MFS Multimarket Income Trust (MMT) pays a yield of 9.5%. It invests in fixed in fixed income investments throughout the world. The stock trades at a 5.2% discount to net asset value. The company, which has been around since 1987, has a management fee of 0.82%.

The Advent Claymore Convertible Securities & Income Fund (AVK) sports a yield of 6.6%, sells at about a 11.4% discount to net asset value, and carries a 0.92% management fee. This closed end fund, founded in 2003, invests approximately 60% of its portfolio in convertible securities and 40% in lower-grade non-convertible income securities.

LMP Real Estate Income Fund Inc. (RIT) is a way of investing in real estate and receive monthly inocme. It is an exchange traded fund that invests in real estate related companies including real estate investment trusts. It carries a yield of 4.5%, and has paid dividends since 2002. It is trading at a slight discount to net asset value. The management fee is 1.02%.

Pengrowth Energy Trust (PGH) is a Canadian oil royalty income trust that yields 7.6%. The company was founded in 1988. The company explores, develops, and produces oil and natural gas reserves in western Canada.

Realty Income Corp. (O), one of the few stocks with a single letter stock ticker symbol, yields 5.1%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 16.2 times forward earnings.

When looking for monthly dividend investments investors should avoid investments with high management fees, limited liquidity, ones that trade at a premium to net asset value, and the ones using excessive leverage. The municipal bond closed end funds may trigger the Alternative Minimum Tax

To see the list of almost a couple hundred monthly dividend stocks, including many that have yields of 6% or more, go to WallStreetNewsNetwork.com. Keep in mind that very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

The Benefits of Monthly Dividend Stocks

Would you like your capital returned faster, and have your compounding happen more quickly? How about less volatility? You can get all that from monthly dividend stocks. According to the database list at WallStreetNewsNetwork.com, there are almost 200 different companies that pay dividends monthly, many of which have fairly high yields. Although these investments are often referred to as stocks, that term is used loosely. These investments are real estate investment trusts, oil income trusts, closed end bond funds, and closed end income stock funds, which pay dividends every month.

The Advent Claymore Convertible Securities & Income Fund (AVK) sports a yield of 6.0%, sells at about a 3% discount to net asset value, and carries a 0.92% management fee. This closed end fund, founded in 2003, invests approximately 60% of its portfolio in convertible securities and 40% in lower-grade non-convertible income securities.

Another example is Gas Natural Inc. (EGAS), previously called Energy, Inc., It is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 5.0% and sports a forward price to earnings ratio of 13.

If you think that real estate is due for a refund, you might want to take a look at LMP Real Estate Income Fund Inc. (RIT). It is an exchange traded fund that invests in real estate related companies including real estate investment trusts. It sports a yield of 4.4%, and has paid dividends since 2002. It is trading at a slight discount to net asset value. The management fee is 0.61%.

The MFS Multimarket Income Trust (MMT) pays a yield of 7.9%. The stock trades at a 6% discount to net asset value. The company, which has been around since 1987, has a management fee of 0.85%.

Pengrowth Energy Trust (PGH) is a Canadian oil royalty income trust that yields 8.3%. the company was founded in 1988. The company explores, develops, and produces oil and natural gas reserves in western Canada.

Realty Income Corp. (O), one of the few stocks with a single letter stock ticker symbol, yields 5.0%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 16.3 times forward earnings.

The monthly dividend investments you should avoid are:
1. the ones with high management fees
2. the ones with limited liquidity and which trade very few shares each day
3. the ones that trade at a premium to net asset value
4. the ones using excessive leverage
5. for municipal bond closed end funds, beware of the Alternative Minimum Tax

To see the list of almost a couple hundred monthly dividend stocks, including many that have yields of 6% or more, go to WallStreetNewsNetwork.com. Remember, very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Stocks I Discussed at the Money Show Part 2

If you missed my previous article on the MoneyShow where I gave a presentation last week, you can see it here. I tried to cover a diversified group of various high income stocks in many different industries.

One area that I covered was inflation proof income stocks. One of the best ways to get inflation protection is from gold and precious metals mining stocks. Unfortunately, investors have only three choices. Goldcorp Inc. (GG) yields only 0.9% but pays dividends on a monthly basis. Because the yield is so low, you would have to invest a significant amount in order to receive a decent monthly dividend check. There is also Hecla Mining preferred B (HL-PB), sporting a yield of 6.5%, payable quarterly. Unfortunately, there is no growth potential.

Finally there is Freeport-McMoRan Copper & Gold (FCX), which closed at 43.50 last Wednesday when I gave the speech. It yield isn't real high at 2.2%, but still beats certificates of deposit. Dividends are paid quarterly. The company produces copper, gold, molybdenum, silver, and cobalt. Revenues for the latest quarter were up an amazing 50.5% year over year, with an outstanding earnings growth of 106%. In 2010, Freeport had its best financial results in the company’s history. In the last five years, revenues have tripled.

In produces 9% of the worldwide mined copper production, with operations in Arizona, New Mexico, and Colorado in the United States, Peru, Chile, Indonesia, and Congo. It has the Grasberg Mining Complex in Indonesia, which has the world’s largest gold reserve, and the world's largest recoverable copper reserve. Overall, the company has 40.0 million ounces of gold, 102.0 billion pounds of copper, 2.48 billion pounds of molybdenum, and 266.6 million ounces of silver.

Another stock I covered was in the real estate field. The company is Realty Income (O), one of the few companies with a one letter stock ticker symbol. This is a Real Estate Investment Trust which yields 5.8%, payable monthly. The stock closed at 30.75 last Wednesday. It has increased its dividend for 16 years in a row and has paid dividends for 42 years. The company has 2,500 properties with an occupancy rate of 96.6%. It leases to over 100 different retail enterprises in more than 30 separate industries, with properties in almost all states.

The leases are typically for 15 to 20 years, usually triple-net leases where the tenant pays the taxes, maintenance and insurance. The properties are usually freestanding buildings in prime locations with good access and visibility. Tenants include Petsmart, Children’s World, Taco Bell, Jiffy Lube, National Tire, AMC Theatres, Boston Market, Rite Aid, La Petite Academy, Sports Authority and Pizza Hut.

The stocks has had an average compounded annual return of 17.8% since it was listed on the NYSE in 1994. The company had maintained property occupancy levels above 96% at the end of each year. No single tenant accounts for more than 10% of total lease revenue. The latest quarterly earnings growth was 26.4%.

An interesting utility is Portland General Electric (POR), which closed at 21.82 when I discussed it last week. The stock yields about 4.6%, and had a 1.9% dividend increase declared in June. Dividends have been increasing every year since 2006. The stock sports a forward price to earnings ratio of 12.2. Revenue for the latest six months grew nearly 4% over the previous year with income increasing 78%.

Earnings should increase this year, primarily due to the 3.9% rate increase in January of this year, which should bring in $65 million. The regulatory climate is improving. The company's capital spending has been declining because major projects have been completed, such as the advanced meter installation and a windfarm.

If you like high dividend stock ideas, check out the numerous lists of high dividend stocks at WallStreetNewsNetwork.com, that can be downloaded, updated, and sorted. Also, stay tuned for upcoming articles on more stocks from the MoneyShow.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

The Advantage of Monthly Dividends Over Quarterly Dividends

There are several advantages to receiving monthly dividends over quarterly dividends:
1. compounding takes place quicker
2. the invested capital is returned faster
3. there is usually less price volatility of the investment
4. many of monthly dividend investments pay dividends that are tax free.

According to the database list at WallStreetNewsNetwork.com, there are about a couple hundred different companies that pay dividends monthly, many of which have fairly high yields. Although these investments are often referred to as stocks, that term is used loosely. These investments are real estate investment trusts, oil income trusts, closed end bond funds, and closed end income stock funds, which pay dividends every month.

An example is Gas Natural Inc. (EGAS), formerly known as Energy, Inc., It is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 4.6% and sports a price to earnings ratio of 12.5.

LMP Real Estate Income Fund Inc. (RIT), is an exchange traded fund that invests in real estate related companies including real estate investment trusts. It sports a yield of 6.8%, and has paid dividends since 2002. It is trading at a slight discount to net asset value. The management fee is 0.61%.

Calamos Convertible & High Income (CHY) has a decent yield of 7.3%. However, the management fee is fairly high at 1.13%. This CEF, founded in 2003, invests in high yield fixed income securities and convertible securities.

The MFS Multimarket Income Trust (MMT) pays a yield of 7.7%. The stock trades at a 9.2% to net asset value. The company, which has been around since 1987, has a management fee of 0.85%.

Baytex Energy (BTE) is an investment trust which generates income from petroleum and natural gas properties. It generates a yield of 4.4%, and has been paying monthly since 2006. The company trades at 20.3 times forward earnings.

Realty Income Corp. (O), one of the few stocks with a single letter stock ticker symbol, yields 5.1%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 15.9 times forward earnings.

Provident Energy Trust (PVX) is a Canadian income trust which generates a yield of 6.3% through the marketing of natural gas liquids. It was founded in 1993. Canada's new legislation which taxes trust income goes into effect this year. This would tax the trusts at the corporate level in addition to the shareholder level. However, this taxation is probably already built into the price of these Canadian trusts.

The monthly dividend investments you should avoid are:
1. the ones with high management fees
2. the ones with limited liquidity and which trade very few shares each day
3. the ones that trade at a premium to net asset value
4. the ones using excessive leverage
5. for municipal bond closed end funds, beware of the Alternative Minimum Tax

To see the list of about a couple hundred monthly dividend stocks, including many that have yields of 6% or more, go to WallStreetNewsNetwork.com. Remember, very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Monthly Dividend Stocks

There are plenty of benefits to owning stocks that pay their dividends monthly. According to the Excel list that was just updated by WallStreetNewsNetwork.com, there are over 200 different companies that pay dividends monthly, many of which have high yields. Technically, these stocks are real estate investment trusts, oil income trusts, closed end bond funds, and closed end income stock funds, which pay dividends every month. Advantages to receiving monthly dividends as opposed to quarterly or annual dividend stocks are that the invested capital is returned faster, compounding takes place quicker, and there is usually less price volatility of the investment. Also, many of monthly dividend investments pay dividends that are tax free.

An example is the MFS Multimarket Income Trust (MMT) which pays a yield of 7.80%. The stock trades at a 9.2% to net asset value. The company, which has been around since 1987, has a management fee of 0.82%.

Gas Natural Inc. (EGAS), formerly known as Energy, Inc., is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 4.6% and carries a price to earnings ratio of 12.7.

Baytex Energy (BTE) is an investment trust which generates income from petroleum and natural gas properties. It generates a yield of 4.2%, and has been paying monthly since 2006. The company trades at 22.4 times forward earnings.

Realty Income Corp. (O), with the great single letter stock ticker symbol, yields 5.0%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 16.7 times forward earnings.

Calamos Convertible & High Income (CHY) has a decent yield of 6.9%. However, the management fee is a bit on the high side at 1.13%. This CEF, founded in 2003, invests in high yield fixed income securities and convertible securities.

Provident Energy Trust (PVX) is a Canadian income trust which generates a yield of 6.1% through the marketing of natural gas liquids. It was founded in 1993. Canada's new legislation which taxes trust income goes into effect this year. This would tax the trusts at the corporate level in addition to the shareholder level. However, many analysts believe that this taxation is build into the price of these Canadian trusts.

Use caution choosing these investments. Avoid the ones with high management fees, watch out for the ones with limited liquidity and which trade very few shares on a daily basis, and if you invest in the municipal bond closed end funds, make sure you know the consequences of the Alternative Minimum Tax. You also want to find the ones that trade at a discount to net asset value, and avoid the ones using excessive leverage.

To see the latest updated list of over 225 monthly dividend stocks, including many that have yields of 8% or more, go to WallStreetNewsNetwork.com. Remember, very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com

Have Your Stocks Pay You Every Month: Over 275 to Choose From

Income investors love the benefits of stocks that pay their dividends monthly, whether they are retired looking for income or active investors parking their profits. According to the Excel list that was just updated by WallStreetNewsNetwork.com, there are almost 300 different securities that pay monthly, most with very high yields. Technically, these stocks are real estate investment trusts, oil income trusts, closed end bond funds, and closed end income stock funds, which pay dividends every month. The advantages to having monthly dividends versus quarterly or annual dividend stocks are that the invested capital is returned faster, compounding takes place quicker, and there is usually less stock price volatility. Additionally, many of monthly dividend investments pay tax free income. Here are a few that may be worth investigating.

Gas Natural Inc. (EGAS), formerly known as Energy, Inc., is a distributor of natural gas in Montana, Wyoming, North Carolina, and Maine. It was founded in 1909. The stock pays a yield of 5.1% and carries a price to earnings ratio of 7.03.

Baytex Energy (BTE) is an investment trust which generates income from petroleum and natural gas properties. It generates a yield of 5.1%, and has been paying monthly since 2006. The company trades at 23.5 times forward earnings.

Blackrock Apex Municipal Fund Inc. (APX), founded in 1987, owns medium-to-lower grade or unrated municipal bonds, and sports a yield of 6.2%. It sells at a discount to net asset value in excess of 12.7%. Management fees are 0.68%.

Realty Income Corp. (O), with the great single letter stock ticker symbol, yields 5.1%. This real estate investment trust which specializes in commercial retail real estate, has been around since 1969. The stock trades at 16.9 times forward earnings.

Calamos Convertible & High Income (CHY) has a fairly high yield of 8.2%. It trades at about a 1.5% discount to net asset value. However, the management fee is a bit on the high side at 1.13%. This CEF, founded in 2003, invests in high yield fixed income securities and convertible securities.

Provident Energy Trust (PVX) is a Canadian income trust which generates a yield of 8.7% through the marketing of natural gas liquids. It was founded in 1993. Be aware of Canada's new legislation taxing trust income in effect this year, which would tax the trusts at the corporate level in addition to the shareholder level. However, many analysts believe that this taxation is build into the price of these Canadian trusts.

Some things to keep in mind when you are doing your due diligence and analysis on these investments. Be careful of the ones with high management fees, watch out for the ones with limited liquidity and which trade very few shares on a daily basis, and if you invest in the municipal bond closed end funds, make sure you know the consequences of the Alternative Minimum Tax. You also want to find the ones that trade at a discount to net asset value, and avoid the ones using excessive leverage.

To see the latest updated list of over 275 monthly dividend stocks, including many that have yields of 8% or more, go to WallStreetNewsNetwork.com. Remember, very high yields may not be sustainable.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com