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4 Dividend Stocks For Retirees And 1 To Avoid

Published Sun, 01 Apr 2012 03:23:48 -0400 on Seeking Alpha

Many retirees need dividend income to pay for ongoing expenses. Every retiree is in a unique financial situation with different sources of income. Retirees want their investment dollars to provide a cushion for rising medical bills and living expenses. In this article I recommend four stocks with a an average yield of 10.1%. I recommend one dividend stock to avoid due to the dividends exceeding the net income. American Capital Agency Corp. ( AGNC ) American Capital Agency is a mortgage real estate investment trust (mREIT). The company invests in agency mortgage backed securities (MBS). Agency MBS are implicitly backed by an U.S. Federal Government agency. An example is the Government National Mortgage Association. "Ginnie Mae" is the popular name for the organization. American Capital Agency's business model is to borrow short term funds via a repurchase agreement. The mREIT then invests these proceeds in higher yielding Government Sponsored Entity MBS. The... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
AMERICAN CAPITAL AGENCY 15.64   0.0 -1.54 1.92 12.21
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
COLLECTORS UNIVERSE 25.70   0.0 0.00 0.70 2.57

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


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GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
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