If you’re like most dividend investors, you’re probably keeping one eye on bond yields right now.
And, well, you should be … but only if you own low-yielding (or slow-growing) “bond proxies” like, say, PepsiCo (PEP).
But if you buy (or already own) the 5 “undercover” high yielders I’ll show you at the end of this article, I have great news for you: you can ignore inflation, bond yields and the Fed and simply keep on collecting your fat dividend checks.
Bond Yields: 1, PepsiCo: 0
Before we get to that, back to PepsiCo.
As you probably know, the yield on the 10-year Treasury note has risen from 2.3% in early December to more than 2.9% today.…