A drugmaker and an MLP promise attractive payouts to investors yearning for better yields.
In our quest to find good dividend stocks yielding 5% or
more, two promising candidates fell just below the cutoff. One is a foreign
drugmaker, AstraZeneca (AZN) and the
other is a master limited partnership, or MLP, Teekay LNG Partners (TGP)
focused on shipping liquefied natural gas. Both deserve the attention of income
investors due to their attractive dividends and solid business prospects.
Some cautionary notes: Foreign stocks pose currency risk
related to their markets in Europe or elsewhere. MLPs tend to be sensitive to
interest rates and could slump if rates climb sharply. Also, MLPs issue complex
K-1 forms, rather than standard 1099s, so they can be a headache come tax time.
Consult a tax planner before investing.
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