The stock market took a bit of a hit a week ago Tuesday, perhaps ending some of the joy, albeit short term, that investors felt as they watched their portfolios rise earlier in the month.
As always, a great play to take some of the heartburn out of the ups and downs of the market, are solid dividend stocks. Why not keep one eye on market-beating dividend yields while you keep your other (wary) eye on the bouncing indexes?
Here are 12 stocks you can play in both the “Aggressive High” and “Conservative Yield” categories.
Aggressive High Yield Stocks
AGIC Convertible & Income Fund (NYSE:NCV), Yield 11%: This fund is starting to act up as confidence transfers from pure fixed income to that of convertible debt when the economy shows clear signs of improvement. During 2009, when this sentiment shift occurred, shares of NCV vaulted more than 100%. This year could show a repeat performance.
E-TRACS 2x Leveraged Long Wells Fargo Business Development Co. ETN (NYSE:BDCL), Yield 16%: My channel-checks in the BDC sector this past week suggest that business conditions continue to exhibit upward momentum. We get spoiled by capital gains from certain asset classes, but the yields these securities throw off are enviable.
SandRidge Permian Trust (NYSE:PER), Yield 9%: Energy assets paused and are back on the uptrend that’s supported by global demand. Domestic onshore oil and gas exploration and production is the best way out of the Middle East. It creates high-paying jobs in the U.S. while simultaneously developing alternative sources of energy. Do both! Are you listening Mr. President? And this isn’t Rick Santelli on the phone.
SandRidge Mississippian Trust (NYSE:SDT), Yield 9%: Here’s something you didn’t know about me: My dad dated both of the original Doublemint twins back in the 1940s. They all grew up together on the Chicago’s North Shore in the same neighborhood. The gum’s tagline was “Double your pleasure, double your fun.” I won’t go there, but Dad could pick ‘em! SandRidge has just as hot a hand in the oil patch.
Two Harbors Investment (NYSE:TWO), Yield 15%: There’s a rising enthusiasm surrounding a fat 40 cent dividend payment about to trade ex-dividend around March 22 that you don’t want to miss. The stock has potential price gains in the current market where investors can ride the recovery for distressed mortgages in a company that uses analytical hedges that are too hard to pronounce.