Wall Street can have its casino. We’re going to look past the suits’ “common shares” and instead dial in some steady dividends—up to 10%!—that, for whatever reason, aren’t widely talked about on financial news channels and websites.
We income investors could care less what the S&P 500 or, heaven forbid, glue-sniffing NASDAQ, did in their daily session. When you’ve got “preferred” dividends funding your retirement, we can look down on those who roll the dice with their nest eggs.
These types of preferred-stock funds have a few key advantages:
- They pay their dividends monthly,
- They boast generous yields (between 5.4% and 10%, for example), and
- Their prices don’t drop nearly as much as the S&P or the NASDAQ during market fits.
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