Originally Posted by medford
I have a handful of higher yield dividend stocks in my roth IRA. There are a handful of real estate companies that have been beaten down due to the market (and perhaps they're own balance sheets during this downturn) that are now starting to bounce back. REITs by nature have to offer out a high % of their profits in dividends to remain classified as a REIT and the tax breaks that come with it. You should be able to find a package of companies here that offer solid dividends that are now poised to bounce back (if they haven't done so already) that can offer a little growth as well.
There are also some areas outside of REITs, one of my favorite stocks has been a small company called Medallion Financial (TAXI) which specializes in medallion loans in NYC. They've regularly paid out an above 5% dividend thru all of the markets up & downs.
I'm hardly a professional, most of my retirements is funded thru my 401(k), actually my IRA recieves mostly just maintance work for the time being, but I've used my dividend stocks to help fund further purchases of stock when the market tumbled to cost average down.
While we're talking stocks and dividends, just want to share my glee to have just found out (they reported 1st quareter results this morning) that TAXI has increased dividends 24% to $0.21 a share for the 1st quarter. yeah me