Nobody is happier than senior citizens that bank rates have shot up and they can safely get as much as 4.5% and higher on insured bank money markets. Add in that some banks and other financial institutions are offering certificates of deposit that yield well over 5%, and the older crowd is partying like it’s 1999. However, for more aggressive investors looking for a big dividend yield, bank money markets and CDs are likely not where they want to be.
We screened our 24/7 Wall St. high income and growth universe looking for top companies that pay big and dependable dividends and distributions. We found six that make sense now, and all pay massive dividends.
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