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4 Stocks to Buy Yielding 8% or More as Yields Continue Plunge

Most investors know that buying the U.S. 30-year Treasury bond at a 2.17% yield logically makes little sense, especially with yields hitting lows seen just once in almost 60 years. The only thing worse would be buying European sovereign debt yielding even less or having negative yields. Sure both are safer than stocks that pay dividends, but the almost nonexistent yields are hardly worth it.

We screened our Wall Street Research database and found four companies to buy now that all yield more than 8% and are not trading at all-time highs like the current market is. While more suited for aggressive income accounts, they could be outstanding total return vehicle for investors.

Blackstone Group

This top money management company makes solid sense for aggressive income investors. The Blackstone Group L.P. (NYSE: BX) provides financial advisory services to its clients, including public and corporate pension funds and academic, cultural and charitable organizations. The firm manages separate client-focused portfolios. Blackstone also launches and manages private equity funds, real estate funds, funds of hedge funds and credit-focused funds for its clients. It invests in private equity, public equity, fixed income and alternative investment markets.

Blackstone investors receive an outstanding 8.57% distribution. The Jefferies price objective for the stock is $31, and the consensus target price is $29. Shares closed Wednesday at $24.80.

Frontier Communications

This is a rural local exchange carrier that Merrill...


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