And what's a decent play for low-risk investors and others those who are taking a wait-and-see stance toward the broader market? BP Prudhoe Bay Royalty Trust (BPT).
The trust distributes quarterly royalties on 16.4% of the first 90,000 bpd of average daily production from BP's share of the Prudhoe Bay oil field.
The current annual royalty/dividend: a whopping $14.45 per share, good for a 16.99% yield. BPT rose 12 cents to $93.90 in Friday afternoon trading.
Don't look for an outsized capital gain with BPT. I place it in the dividend generator category, which makes BPT an appropriate holding to park funds and for those who are risk-averse.
Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.