"The 10 best income stocks," the headline for this piece trumpets. I certainly intend to deliver on that promise. Before this column is over, you will find a list of what I believe are the 10 best income stocks to buy now.
But a minor piece of business first: What exactly characterizes the best income stocks now? Let's take that concept apart piece by piece to see what we're looking for.
Best income means most income, but it also means reliable and rising income. At a minimum, any "best" income stock should yield more than the 2.8% offered by the two-year Treasury note now. An investor willing to hold that Treasury note to maturity is safe from any likely increase in interest rates because the note will return the investor's capital at maturity. Even the safest stock is riskier than that and should pay more. ...
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