5 High Yielding Energy Preferred Stocks

Europe may be getting its act together to impose austerity, but there are no concrete proposals to promote growth. After all, eurozone unemployment stands at 10.4%, in Spain, it is 22.9%, and in Greece, it is 19.2%. Additionally, the US personal saving rate in December climbed to 4.0% from 3.5% in November, signaling a risk-averse mood by American consumers. The US Q4 GDP report was disappointing as well, with growth in inventories leading the way, instead of showing some other organic form of growth. As such, consumer sentiment fell unexpectedly to 61.1 in January, according to the Conference Board. You may want to build a nuclear fallout shelter, but good dividend yields may help your portfolio survive in the future. It may be time to consider adding more fixed-income instruments to your portfolio. More particularly, I like preferred stocks because you can smooth out the bumps and erratic moves of... Read more