Andy Obermueller
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Jim Powell
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By Harry Domash, editor The Dividend Detective

Harry Domash Dividend DetectiveDespite mixed economic numbers, it still looks like the economy will continue to improve in the coming months.

However, we continue to advise caution. Invest only money that you can commit for at least six-months to give you time to ride out unexpected market dips. Meanwhile, we have added four income issues to our various portfolios.

We have added a new pick to our preferred stocks portfolio. Willis Lease Finance provides operating leases for spare commercial aircraft engines for airlines and for maintenance and repair facilities worldwide.

Willis Lease 9.00% Series A Cumulative Preferreds (NASDAQ: WLFCP) are trading close to their $10.00 issue price, thus offering an 8.9% current yield.

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Although Willis has a strong balance sheet (no long-term debt), its preferreds are not credit rated, so we can recommend them for speculative funds only. Willis can call the preferreds as soon as February 2011, so plan on holding them for one-year only.

Piggy BankWe're adding the Western Asset High Income Fund II (NYSE: HIX) to our closed-end fund portfolio. The fund, which pays monthly dividends equating to an expected 12.5% yield, invests mostly in high-yield corporate debt (junk bonds). Western Asset Management is a unit of Legg Mason.

Among limited partnership, we're adding investment manager AllianceBernstein Holding (NYSE: AB) to the portfolio.

AB's income mostly comes from fees based on the value of assets under management, so its earnings vary with the value of the overall markets, and the amount of cash invested in the markets. Both are down from earlier years, but currently on the rise. 

AB's quarterly payouts are not steady, as is the case for most stocks. Instead, each payout reflects the preceding quarter's per share earnings. We are estimating AB's next 12-month yield at 7.3%. If current trends continue, we expect at least 15% annual dividend growth.

In our manufactduring and services portfolio, we're adding packaged food products maker B&G Foods (NYSE: BGS) to the portfolio.

B&G produces a diversified line of food products carried by small specialty retailers, large warehouse stores, and everything in-between. It's paying dividends equating to an expected 7.4% yield. 

Learn more about this financial newsletter at The Dividend Detective.





News Flash

Geron (GERN)
Steve Christ, The Wealth Advisory

In a recent 15-page ruling, a U.S. judge ruled that using taxpayer dollars to fund embryonic stem cell research violates a 1996 law; but in the case of Geron Corp. (GERN), the company won’t be affected at all.


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Industrial trio: BWA, TEN, DXPE
Stephen Quickel, US Investment Report

Among our new stock are three industrials that expected to grow earnings by 30% a year: Borg Warner (BWA), Tenneco (TEN) and DXP Enterprises (DXPE).


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Bullion Monarch Mining (BULM)
Max Bowser, The Bowser Report

Bullion Monarch Mining (BULM) -- a holding in our "penny stock" portfolio -- recorded its best revenue year ever.


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Global X Lithium ETF (LIT)
Jim Trippon, ETF Profit Report

It’s rare that we would recommend an ETF that is as new as Global X Lithium (LIT), but with the market taking a tumble, we believe we’re getting good value on this newly-minted vehicle.


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Consumer Staples (XLP)
by Doug Fabian, Making Money Alert

The Consumer Staples Select Sector SPDR (XLP) is an ETF that tracks companies that have products that people need in both good and bad economic times.


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WisdomTree SmallCap Dividend (DES)
by Walter Frank, MoneyLetter

WisdomTree SmallCap Dividend (DES), which sports an attractive 4.3% yield, has been added to our fund coverage.


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Closed-end income favorites
by Harry Domash, Dividend Detective

The latest new positions in our closed-end fund portfolio are Guggenheim Emerging Opportunity (GOF) and First Trust/Aberdeen Emerging Opportunity (FEO).


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Quality trio: XOM, GOOG, JNJ
by Adam Sharp, contributing editor Wealth Daily

Buying defensive blue chips makes sense. Three of my favorites are ExxonMobil (XOM), Johnson and Johnson (JNJ) and Google (GOOG).


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Xcel Energy (XEL)
by Roger Conrad, The Utility Forecaster

In late 2002 Xcel Energy (XEL) was on the brink of Chapter 11; it has since come back, recently earning a credit upgrade from S&P to A- with an "excellent" risk profile.


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Virginia Mines (VGQ)
by Adrian Day, The Global Analyst

Virginia Mines (VGQ) remains one of a handful of my favorite companies; the company continues ongoing rationalization of its extensive mining property portfolio.


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