7 High-Yielding Stocks Worth Waiting For
Published Jun 28, 2011 on Seeking Alpha

Many income investors are always on the look out for promising dividend stocks. If an investor performs due diligence, he / she can locate a few gems to allocate investment funds to. In this article I discuss 7 interesting stocks with high yields worth diving into and taking a deeper look. Let's see what we can find!Cornerstone Progressive Return Fund (CFP) CFP has pluses and negatives to consider. The fund has announced plans to increase monthly distribution to 10.3-cents for July, August, and September distributions. The current annual yield is 17.48%. The dividend is a managed distribution and paid monthly. Examining the 1st quarter SEC N-Q filing, Cornerstone Progressive is clearly loaded with high-yield securities. CFP holdings include 91.44% in closed-end funds. These holdings include option arbitrage securities; corporate debt funds; high-current yield securities; and high-yield municipal debt. Cornerstone Progressive Return utilizes zero leverage. The 1.47% expense ratio is... Read more