Old Rick

6 Dividend Stocks for Current Income

On your KMP recommendation, note that Kinder has another issue (KMR) that pays dividends as quasi-stock splits thus avoiding the potential tax consequences of an LP and making it suitable for a tax favored account. The other advantage is that KMR trades at a slight discount to KMP while the dividend is essentially equal.

Best Dividend Picks for 2009, 3Q Update

This has probably been mentioned by DGI before, but with regard to KMP, you can also buy KMR which handles distributions differently, essentially in stock. KMR sells at a slight discount to KMP also, so yield is higher, around 9% because of the discount. KMR does not have the Sked K issues thta come with KMP, so KMR is more appropriate for a tax-advantages account.

I'd also note that Josh Peters at MStar just added MO to his Harvest list. I had given up MO 3 years ago at the PM split because of the potential liability issues and put those eggs in the PM basket. Would apreciate DGIs opinion/thoughts on MO at 7.6%