"Duff & Phelps Utility & Corporate Bond Trust (NYSE: DUC) owns a nice blend of corporates, utility, and mortgage-backed securities," notes income expert Bryan Perry in his growth & income oriented Cash Machine advisory.
"These types of securities are getting more attention with the notion of an economic recovery occurring late this year, implying a higher demand for power and thus a rebound in the utility sector as a whole.
"If investors can lock in a 7.5% yield through this senior debt holder of major global utilities, then you can rest assured that the monthly dividend, which was raised this month, is secure.
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