Good Dividend Stocks Yielding Over 4%

In our quest to find good dividend stocks yielding 5% or more, two promising candidates fell just below the cutoff. One is a foreign drugmaker, and the other is a master limited partnership, or MLP, focused on shipping liquefied natural gas. Both deserve the attention of income investors due to their attractive dividends and solid business prospects. Some cautionary notes: Foreign stocks pose currency risk related to their markets in Europe or elsewhere. MLPs tend to be sensitive to interest rates and could slump if rates climb sharply. Also, MLPs issue complex K-1 forms, rather than standard 1099s, so they can be a headache come tax time. Consult a tax planner before investing.

British drugmaker AstraZeneca (symbol AZN, $29.85) is muddling through what CEO Pascal Soriot calls a “transitional period.” Sales of its two top-selling products—heartburn medicine Nexium and cholesterol drug Crestor—are starting to face competition from cheaper generic versions. Yet Astra’s product line is expanding with several promising drugs. With natural gas production thriving in the U.S, Australia and other regions, energy companies are building plants to process the gas into liquids. Teekay LNG Partners (TGP, $11.42) ships liquified natural gas to energy-hungry countries in Asia, Latin America and other parts of the world. And the business is likely to thrive as gas production and global demand for the energy product expands.

Source: Kiplinger

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