Income Investing

The recession has been tough on companies that pay dividends. According to Standard and Poor’s, companies in the S&P 500 cut dividends -21% from 2008 levels. That’s the worst year for dividend cuts both on a dollar and percentage basis since 1938. Read More

A year ago, high-yield bonds were outcasts. The financial world braced for Armageddon, and investors fled riskier high-yield bonds in droves in anticipation of widespread defaults. Yield spreads — in this case, the difference between yields on high-yield bonds and yields on “AAA”-rated corporate bonds — soared to a record… Read More