2. Icahn Enterprises L.P.
Carl Icahn is a legendary investor who invades companies that are stuck on the verge of huge returns and helps push them over. He has a personal net worth of $21.3 billion, most of which he earned through his corporate raiding.
Icahn’s arm for turning businesses around is Icahn Enterprises L.P. (NASDAQ:IEP), a publicly traded fund. The company offers a mouth-drooling 7.97% yield because Carl Icahn is simply that good; the guy knows how to turn a profit and consistently. In fact, he recently made a killing by selling his Netflix stock, earning $2.2 billion in a single trade.
3. Kinder Morgan, Inc.
As North America’s largest energy infrastructure company, Kinder Morgan, Inc. (NYSE:KMI) is bound to take a little damage from the oil price slump. KMI stock is down significantly during the year, yet the company was able to increase its dividend every quarter.
Kinder Morgan can afford an 8.9% dividend yield, because it isn’t in the oil extraction side of the business; it’s in the storage and transportation business. The firm’s structure delivers a lot of the profits directly to shareholders, meaning KMI stock comes in handy as an energy sector income play. (Source: “Kinder Morgan Fact Sheet,” Kinder Morgan, Inc., December 1, 2015.)
4. BlackRock Capital Investment Corporation
There are times when life has gotten too hectic and I can’t focus on investing. At such times, I usually consider outsourcing my active trading decisions.
Owning publicly traded investment firms can be a great way of getting exposure to a lot of different companies. Investment professionals at BlackRock Capital Investment Corporation (NASDAQ:BKCC) are so good that the company has a dividend yield of 8.3%.