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Thursday, October 15, 2009

Dividends and Distributions

Dividends and Distributions
Here is a list of some of my favorite stocks that have high dividend yields. (ones I hold in bold)

Div Yeild
7.60% MO
6.50% VZ
6.50% BP
6.40% T
6.10% DUK
6.00% CNP
5.90% RDS.A
5.80% LLY
5.50% BMY
3.90% MCD

I have not included Canadian Royal Trusts like HTE & PGH. Reason being that the dividends on those trusts, while extremely high, are far more risky than those of the above listing companies.

Two Closed-End fund suggestions:

MIN - MFS Intermediate Income Trust
Distribution Yield (Market): 8.56%

Holdings:
41.10% Corporate Notes/Bonds
22.50% Foreign Long-Term Debt
14.33% Foreign US$ Denominated Notes/Bonds
8.45% FNMA-Mortgage Backed
4.33% Other Govt Bond
2.36% Other Mortgage
2.32% Portfolio Other
1.97% Federal Home Loan Mortgage Corp-Mortgage Backed
1.82% GNMA-Mortgage Backed

Rating:
29.12% AAA
22.50% Foreign Currencies
19.76% A
16.68% BBB
9.54% AA
2.32% Other
0.86% BB

HYB - New America High Income Fund
Distribution Yield (Market): 9.58%

Holdings:
94.07% Corporate Notes/Bonds
2.49% Convertible Bonds

Ratings:
1.85% Short-Term
38.68% B
28.21% BB

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