It’s no question that income still is extremely scant. Consider that early this month, the yield on the 10-Year Treasury dipped below 1.5%. That means for the privilege of lending the federal government money for a decade, you will be rewarded with a yield that, when adjusted for inflation, is almost literally zero.
To combat this pitiful circumstance, investors are turning to traditional stocks that historically throw off a lot of cash. High-profile dividend stalwarts such as Johnson & Johnson (NYSE:JNJ), PepsiCo (NYSE:PEP) and Procter & Gamble (NYSE:PG) get a lot of attention from income investors, but these are just some of the stocks delivering attractive yields to shareholders.
Flying under the well-known dividend stock radar are myriad companies that deliver great capital appreciation and solid yield. Of course, income-oriented investors understandably are in search of yield first, then capital appreciation second. But these complementary objectives are all part of what makes a dependable dividend diva.
The following five stocks represent more under-the-radar dividend plays for income investors — plays you can add to these original five dividend divas.