Best Dividend Paying Stocks

Best Dividend Paying Stocks

Your bank pays you almost nothing to keep your hard earned money at their branch. The national average for a high-yield savings account is 0.16%. Think a CD will give you a better rate? 1 year CDs pay 0.45% on average.  One of the best ways to put your money to work is by investing in safe dividend paying stocks. Please do your own research first, but two stocks I invested in recently include Waste Management (WM) and real estate investment trusts American Capital Agency (Nasdaq: AGNC).

American Capital Agency

AGNC yields a whopping 19.7%. A REIT pays such a high dividend because they must pay out 90% of their taxable income. Right now REIT are borrowing cheap short term cash and using it to purchase long-term real estate-based assets. Interest rates WILL rise and their dividend yield will drop.

Waste Management

Waste Management (WM) is a safer beat and pays a modest 3.62% dividend.

For more information and more ideas visit this informative article about dividend paying stocks http://www.fool.com/investing/dividends-income/2010/11/16/the-most-outstanding-dividend-stock-i-know.aspx

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