Back in the 80's before the Savings and Loan Crisis hit, my parents got in to a number of investments that paid 25% or higher. They made tons of money and got out before the crunch hit. They were retired, so they weren't part of an "insider" trading deal. As far as they were concerned, it was a legit deal. It could have just as easily gone the other way.
Ferrellgas (FGP) gives a good dividend, though they give it as a distribution. It's around 8% right now, I think, has been as high as 9%. They've been paying a distribution steadily for years.
The stock price will come down after the x-date of Sept. 7th. So it would be a better buy after that date.
I've owned it in the past, but don't own shares presently. I enjoyed receiving that "distribution" when I had it -- it pays higher than most. But it's definitely not a growth stock, stays about the same price year after year. People are in it for the distribution every quarter.
But careful due diligence is necessary here, of course. This is definitely not an encouragement to buy....I don't keep up with the company now, so don't know if it's still a good investment. Just passing on the info for others who might want to research good dividend/distribution stocks.
bump for later read